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Contract News
The Office of Federal Contract Compliance Programs
The Office of Federal Contract Compliance Programs (OFCCP) is part of the U.S. Department of Labor's Employment Standards Administration. It has a national network of six Regional Offices, each with District and Area Offices in Major Metropolitan Centers.
OFCCP is responsible for ensuring that employers doing business with the Federal government comply with the laws and regulations requiring nondiscrimination. This mission is based on the underlying principle that employment opportunities generated by Federal dollars should be available to all Americans on an equitable and fair basis.
OFCCP focuses its resources on finding and resolving systemic discrimination. The agency has adopted this strategy to: (1) prioritize enforcement resources by focusing on the worst offenders; (2) encourage employers to engage in self audits of their employment practices; and (3) achieve maximum leverage of resources to protect the greatest number of workers from discrimination.
The Requirement That Certain Contracts Be Written & Signed Came From 'The Old English Statute Of Frauds'
The title of the statute purpose was to prevent deceptive acts by people who falsely claimed they were parties to oral contracts.
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General Information on Contracts
By definition, and as contractors already know, contractors contract. It's an essential part of what contractors do. And the essential meaning of c... Read more >
Definition:
The arbitrary date on a contract or on a financial instrument fixed as the date from which the term runs.
Offer
Definition:
Offer: A proposal that is made to a certain individual or legal entity to enter into a contract, that is definite in its terms, and that indicates the offerer's intent to be bound by an acceptance.
Avoidance Of Contract
Definition:
The legal cancellation of a contract because an event occurs that makes performance of the contract terms impossible or inequitable and that releases the parties from their obligations.
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