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Government Contracting Glossary

Terms, acronyms and definitions to help you understand federal procurement terminology.

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Términos · O

Obligation

Legal commitment of funds for a specific contract purpose.

Términos · O

OCI

Organizational Conflict of Interest occurs when a contractor's work creates an unfair competitive advantage.

Términos · O

ODCs

Other Direct Costs - direct costs that aren't labor or materials.

Términos · O

Option Year

Additional contract period the government may exercise at their discretion.

Términos · O

Overhead

Indirect costs related to production or service delivery.

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