Terms · L
Labor Categories
Defined skill levels and qualifications for contract personnel.
Government Contracting Glossary
Terms, acronyms and definitions to help you understand federal procurement terminology.
5 results
Terms · L
Labor Hour
Contract paying only for labor time without materials.
Terms · L
Legal Business Name
The official name of a business as registered with the IRS and state authorities.
Terms · L
Liquidated Damages
Pre-determined daily penalty for late delivery.
Terms · L
LPTA
Lowest Price Technically Acceptable is an evaluation method where the lowest-priced acceptable offer wins.
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