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Contract News
NASA Announces Mars Science Lab Mission Launch Contract
NASA's Kennedy Space Center in Florida has selected Lockheed Martin Commercial Launch Services Inc. to deliver an Atlas V rocket for the Mars Science Laboratory mission to carry a large rover to the red planet in the fall of 2009. The six-wheeled rover will explore Mars for two years, examining sites to identify where the building blocks for life may exist.
The total Mars Science Laboratory launch service price is $194.7 million. That cost includes NASA launch services and mission integration requirements. This is a firm-fixed price contract. The launch services for Mars Science Laboratory are being acquired under the existing NASA Launch Services multiple award procedures.
The Mars Science Laboratory will launch from Complex 41 on the Cape Canaveral Air Force Station, Fla. The mission is managed by NASA's Jet Propulsion Laboratory, Pasadena, Calif., a division of the California Institute of Technology. JPL is responsible for spacecraft design and integration; integration of science instruments; spacecraft system testing; launch operations support and support of mission operations.
There Are Three Elements For A Contract To Exist - Offer, Acceptance & Consideration
The first step to creating a contract is an Offer; followed by Acceptance of the offer which must be valid and then its Consideration which is a legal concept meaning something of value that is given in exchange for a performance or a promise to perform.
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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:
A mutual consideration which passes between the parties to a contract, and which renders it valid and binding.
Action Ex Contractu
Definition:
A legal action for breach of a promise stated in an express or implied contract.
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.
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