Terms · O
Obligation
Legal commitment of funds for a specific contract purpose.
Government Contracting Glossary
Terms, acronyms and definitions to help you understand federal procurement terminology.
5 results
Terms · O
OCI
Organizational Conflict of Interest occurs when a contractor's work creates an unfair competitive advantage.
Terms · O
ODCs
Other Direct Costs - direct costs that aren't labor or materials.
Terms · O
Option Year
Additional contract period the government may exercise at their discretion.
Terms · O
Overhead
Indirect costs related to production or service delivery.
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