155 terms and definitions to help you understand federal procurement terminology.
Commercial and Government Entity Code - a 5-character identifier for suppliers to the government.
Official sourceCost Accounting Standards are government-mandated rules for how contractors must account for costs on federal contracts.
Official sourceMaximum dollar amount that can be obligated under a contract.
Contract Line Item Number - separately priced contract element.
Cybersecurity Maturity Model Certification is DOD's framework for assessing contractor cybersecurity practices.
Official sourceBid protest filed in the U.S. Court of Federal Claims with binding judicial authority.
Official sourceOfferors whose proposals have a reasonable chance of being selected for award after initial evaluation.
Official sourceSteps taken by an agency to remedy a procurement defect, often in response to a protest.
Official sourceGovernment review of contractor cost elements to determine if proposed costs are reasonable.
Official sourceContract reimbursing actual costs plus a fee.
Official sourceEvaluation of whether proposed costs are realistic for the work.
Contractor Performance Assessment Reporting System.
Official sourceControlled Unclassified Information requiring safeguarding but not classified under Executive Order 13526.
Official sourceGovernment notice giving contractor time to fix performance problems.