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ODCs
Other Direct Costs - direct costs that aren't labor or materials.
Government Contracting Glossary
Terms, acronyms and definitions to help you understand federal procurement terminology.
135 resultados
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Option Year
Additional contract period the government may exercise at their discretion.
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Overhead
Indirect costs related to production or service delivery.
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Past Performance
Record of contractor's performance on previous contracts.
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Performance Bond
Guarantee that contractor will complete the contract.
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Period of Performance
Time frame during which contract work must be completed.
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Physical Address Validation
Verification that a contractor's business address is valid and matches official records.
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POA&M
Plan of Action and Milestones tracks remediation of security control deficiencies.
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Post-Award Protest
Challenge to contract award decision filed after the government selects a winner.
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Pre-Award Protest
Challenge to solicitation terms or agency actions filed before contract award.
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Price Analysis
Evaluation of proposed prices compared to benchmarks to determine reasonableness.
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Price Reasonableness
Determination that proposed price is fair for what's being purchased.
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Primary NAICS
The main NAICS code representing a company's primary business activity.
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Progress Payment
Interim payments to contractors based on costs incurred or percentage of work completed.
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Prompt Payment
Requirement for government to pay invoices within 30 days.
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Provisional Rate
Temporary indirect cost rate used until final rates are determined.
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PSC Code
Product Service Code - 4-character code identifying products or services.
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PWS
Performance Work Statement - defines outcomes rather than specific tasks.
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Recertification
Process of re-verifying small business status.
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Registration Renewal
Annual update required to maintain active SAM.gov status.
Vea cómo encontrar y seguir contratos federales
Conozca la búsqueda de contratos, las oportunidades guardadas y las herramientas de ofertas incluidas en cada plan.