COMMERCIAL ITEM Meaning and
Definition
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A "commercial item" refers to a product or service that is available in the marketplace and is sold, leased, or licensed to the public and the government. It typically differs from items that are specifically developed or modified for governmental use. Commercial items are usually developed and produced by private sector companies to meet the needs and demands of general consumers, businesses, and organizations.
In the context of procurement and government contracts, a commercial item is broadly defined as any item, including supplies, materials, equipment, and services, that is customarily used for nongovernmental purposes and has been sold or offered for sale in substantial quantities to the general public. The term "commercial item" often implies that the product or service involved has established market value, is readily available, and has undergone sufficient testing and validation by the market.
Commercial items can include a broad range of products and services, such as office supplies, furniture, software applications, vehicles, consulting services, and maintenance contracts. Governments often rely on commercial items to simplify procurement processes by taking advantage of ready-made solutions that have already been proven in the commercial sector. This approach can save time and costs associated with research, development, and custom-made solutions.
Commercial items are subject to various regulations and standards to ensure quality, safety, and compliance with applicable laws. Government agencies often have specific procedures and requirements when acquiring commercial items, including factors such as pricing, warranties, delivery terms, and the ability of vendors to meet the unique needs of the government.
Common Misspellings for COMMERCIAL ITEM
- xommercial item
- vommercial item
- fommercial item
- dommercial item
- cimmercial item
- ckmmercial item
- clmmercial item
- cpmmercial item
- c0mmercial item
- c9mmercial item
- conmercial item
- cokmercial item
- cojmercial item
- comnercial item
- comkercial item
- comjercial item
- commwrcial item
- commsrcial item
- commdrcial item
- commrrcial item
Etymology of COMMERCIAL ITEM
The etymology of the word "commercial item" is as follows:
- Commercial: The word "commercial" originated from the Latin word "commercium", which means "trade" or "buying and selling". This Latin term is a combination of "com", meaning "together", and "mercium", meaning "trade". The word evolved over time, with French influence, to ultimately become "commercial" in English.
- Item: The word "item" derives from the Latin word "item", which means "also" or "likewise". It was used in Latin legal and business texts to introduce each separate article or detail of a document. Over time, "item" extended its meaning to refer to an individual thing or element.
When combined, the term "commercial item" refers to an item or product that is related to trade or business activities.
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