Money and non-monetary consideration given in return for work performed.
Competent parties
Persons considered legally capable of entering into a binding contract.
Competitive bid
Bidding which is done to ascertain the best bid for work to be done.
Complete fertilizer
A plant food which contains all three of the primary elements. nitrogen, phosphorus and potassium.
Complete fusion
Materials fused over the complete welded area.
Complete joint penetration
Weld penetration to the root of the weld with full fusion.
Complete mix digester
A type of anaerobic digester that has a mechanical mixing system and where temperature and volume are controlled to maximize the anaerobic digestion process for biological waste treatment, methane production, and odor control.
Completion bond
Legal instrument used to guarantee the completion of a development according to specifications and is more encompassing than a performance bond, which assures that one party will perform under a contract on the condition that the other party performs. A completion bond assures production of the development without reference to any contract and without the requirement of payment to the developer.
Completion of contract accounting
Accounting method where any cash received is not considered income until a contract is totally completed.
Component
Any one part of an assembly associated with construction.
