What is meant by the term "contract deliverable"?

The term "contract deliverable" specifically refers to the tangible or intangible items, outcomes, or products that are expected to be produced or provided as a result of a contracting action. This includes any significant outputs that must be completed and delivered to the client or stakeholder, such as products, services, documents, or reports associated with the terms of the contract. Deliverables are crucial to contract performance as they define what is to be delivered and help assess whether contractual obligations have been met.

In contrast, an agreement between parties on contract terms generally pertains to the mutual understanding and acceptance of the conditions under which the contract will operate, but it does not specifically address what will be delivered. The total payment expected for a project or service instead pertains to the financial aspect of the contract rather than the deliverable itself. Finally, a report outlining contract progress is related to monitoring the performance and status of the contract, rather than defining what must be delivered. The focus on the expected item or product in the correct answer highlights the essential nature of contract deliverables in ensuring the fulfillment of contractual obligations.