requirements contract

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Noun1.requirements contract - a contract in which you agree to purchase all your requirements of a particular sort from one party
contract - a binding agreement between two or more persons that is enforceable by law
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First: "The all-requirements contract is not a routine arm's length requirements contract between unrelated, private, for-profit parties.
The delivery order is part of an Army Requirements Contract signed in December 2017 through which the Army can upgrade up to 435 M1A1 Abrams tanks to the M1A2 SEPv3 configuration.
Mission Research Corp., Santa Barbara, Calif., is being awarded a $ 9,000,000 cost-plus-fixed-fee, indefinite-delivery requirements contract for research and development related to the effects of radiation on semiconductor devices, non-volatile memories and power integrated circuits.
Although the terms requirements contract and indefinite-quantity contract are sometimes used interchangeably, there is a legal and practical distinction between the two from a fiscal law perspective.
Bell Boeing JPO has been awarded $298.05M for a performance-based logistics requirements contract for the logistics and repair support of 225 MV-22B, CMV-22 and CV-22 Osprey components.
ARPA's power supply is secured through January 2025 through a partial requirements contract, a long-term contract for hydropower, and a limited amount of authority owned and member owned wind generation.
Tec Masters Inc., Huntsville, Ala., was awarded on April 19,2002, a $7,652,990 modification to a fixed-price requirements contract (DABT60-97-D-0007) for system engineering and technical assistance services as ordered on individual task orders.

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