Terms · B
Banking Verification
Validation of bank account information for electronic payment of contract invoices.
Government Contracting Glossary
Terms, acronyms and definitions to help you understand federal procurement terminology.
7 results
Terms · B
Base Year
Initial mandatory period of a contract before option years.
Terms · B
Best Value
Procurement approach selecting the offer providing greatest overall benefit considering price and non-price factors.
Terms · B
Bid Bond
Guarantee that winning bidder will accept the contract.
Terms · B
BOA
Basic Ordering Agreement - terms and conditions for future orders.
Terms · B
BPA
Blanket Purchase Agreement - simplified ordering arrangement for recurring needs.
Terms · B
Burden Rate
Multiplier applied to direct labor costs to cover indirect expenses and profit.
See how to find and track federal contracts
Get a walkthrough of contract search, saved opportunities and the bid tools included in each plan.