As performance-based contracting grows, it is clear that not all performance-based contracts are firm, fixed price. Conversely, all firm, fixed price contracts are not really performance based. A performance-based contract can be any type of contract, even time and materials.
The abbreviation cwt stands for hundredweight. Unfortunately there are two different definitions of a hundredweight. In the United Kingdom, where it has been replaced by the metric system, a hundredweight is 112 pounds, or 8 stone. In the United States, it is 100 pounds. Carol Buchholz Slack.
Ect. etc. is the proper abbreviation of et cetera. For those who remain doubtful, please examine the proper spelling of the full version and note that the abbreviation is si â¦ mply the first three letters, the most common method of abbreviating. The Ect. answer is simply wrong, though it is very common. It is based on a very common misspelling of et cetera. Abbreviations are not created by re-ordering the letters of the original.