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Background Information
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All Technical Information that is not Foreground
Information and that is proprietary to Canada, the contractor, its subcontractors
or any third party. (23/06/94) (renseignements de base)
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Bailment
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The delivery of personal property to another
for some purpose on condition that the property will be returned pursuant
to an agreement. (23/06/94) (dépôt)
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Bankruptcy
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(1) A condition where an insolvent company either
voluntarily institutes bankruptcy proceedings by applying to have a licensed
Trustee in Bankruptcy appointed or where the company's creditors are successful
in petitioning the court to issue a receiving order, the effect of which
is to authorize transfer of all assets of the bankrupt debtor to a licensed
Trustee in Bankruptcy for realization or distribution to the creditors.
(2) The state or condition of one who is bankrupt, whereby the property
of a person or company, being legally declared unable to meet debts, is
vested in an official trustee for distribution among creditors. (23/06/94)
(faillite)
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Bill of Lading
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The carrier's record of receipt of a shipment,
its routing, shipper, consignee and number of pieces, e.g. air bill, ocean
bill, highway probill, rail waybill. (23/06/94) (connaissement)
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Bill of Sale
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An instrument in writing under which title to
personal chattel is transferred. A mere receipt for payment is not a bill
of sale; the instrument must actually signify a transfer of title to the
goods to the buyer. (23/06/94) (contrat de vente)
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Bills of Exchange
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Bills of exchange include certified cheques,
bank drafts and money orders. These are defined in the Bills of Exchange
Act as "an unconditional order in writing addressed by one person
to another, signed by the person giving it, requiring the person to whom
it is addressed to pay, on demand, at a fixed or determinable future time
a sum certain in money to or to the order of a specified person, or to
bearer." (23/06/94) (lettres de change)
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Blanket Order Cases
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A supply arrangement which is negotiated with
the United States Government under the auspices of Foreign Military Sales
(FMS). It allows clients to submit detailed requirements directly to the
identified U.S. military organization. This arrangement, which is similar
in nature to the standing offer method of procurement, is normally utilized
when there is no definite listing of items or of quantities required. This
category of FMS cases (contracts) does not necessitate the purchase of
an equity. See Chapter 9B. (23/06/94) (dossier de commandes-cadres)
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Breakout Procedure
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(1) The removal of a (major) portion of a product
from the responsibility of the contractor and placing it with another contractor
for manufacture under a separate contract. (2) A process wherein components
or subassemblies of a weapons system or major item of equipment initially
obtained from the major prime contractor are separately procured. The objectives
of the breakout procedure are to reduce the concentration of procurement
from the contractor, to increase competition in the procurement of affected
items and to reduce costs. See also subcontractor. (23/06/94) (procédure
de séparation)
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