1. A method comprising: creating a first electronic representation of contract terms on a system, wherein said first electronic representation of the contract terms has a first format that is compatible with at least a first application which includes a claim adjudication application, and wherein said electronically represented terms are configured to be processed by said claim adjudication application to determine an amount of payment by said insurer responsive to a submitted claim, further wherein said first electronic representation associates at least one qualifier and a corresponding calculation method with each payment term of the contract; determining priority of applicability amongst multiple contract terms when the at least one qualifier of more than one contract term is met; and using, by said system, the first electronic representation of contract terms to generate at least a portion of a second electronic representation of the contract, wherein said second electronic representation of the contract has a second format that is compatible with at least a second application.