The ECP form provides the data concerning a proposed change and, when signed by design and procurement authorities, becomes a change order. Equipment Major items of materiel that are not expendable except through depreciation or wear and tear and which, although they may be fixed or positioned in prescribed places, do not lose their identity or become integral parts of other equipment and installations. Items in this category are normally susceptible to running maintenance. Equipment items are usually procured, issued and replaced on the basis of planned departmental capital acquisition programs, e.g. aircraft vehicles, vessels, boats, workshop machinery, electronics systems. Equivalent Item Items are equivalent when, without actually being identical, they have sufficient in common as to be capable of being used for the same purpose.
Escalation See economic price adjustment or adjustment .
Escrow An agreement whereby a deed, money or other property is deposited with a third party to be held until certain conditions are fulfilled. A document is said to be delivered in escrow if it is delivered in circumstances which show that it is to take effect only when the specified condition has been performed. If the condition is not performed, then the document does not take effect. A software source code or a sum of money are examples of items which may be held in escrow. Established Firm of Professionals Service contracts .