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mtctrains.com. Management & Training Corporation or MTC is a contractor that manages private prisons and United States Job Corps centers, based in Centerville, Utah. MTC's core businesses are corrections, education and training, MTC medical, and economic & social development. MTC operates 21 correctional facilities in eight states.
In the United States, the processes of government procurement enable federal, state and local government bodies in the country to acquire goods, services (including construction ), and interests in real property. [1] Contracting with the federal government or with state and local public bodies enables interested businesses to become suppliers ...
Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, [1] government procurement accounts for a substantial part of the global economy. To prevent fraud, waste, corruption, or local protectionism ...
In U.S. Federal government contracting, IDIQ is an abbreviation of the term indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. The legal origin of IDIQ contracts is the Federal Acquisition Regulation (FAR) section 16.504(a) (48 CFR ...
Governmentwide acquisition contracts (known as GWAC) is the process by which agencies of the federal government purchase goods and services ( procurement ); these involve legal contracts between the agency and a private business. A GWAC is an acquisition tool that facilitates and streamlines the purchasing of IT solutions by United States ...
Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States. The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law.
Multimodal transport. Multimodal transport (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different modes of transport; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea ...
Purchasing cooperative. A purchasing cooperative is a type of cooperative arrangement, often among businesses, to agree to aggregate demand to get lower prices from selected suppliers. Retailers' cooperatives are a form of purchasing cooperative. Cooperatives are often used by government agencies to reduce costs of procurement.