155 terms and definitions to help you understand federal procurement terminology.
Process of re-verifying small business status.
Annual update required to maintain active SAM.gov status.
Representations and Certifications - legal statements about business status.
Assessment by contracting officers that a contractor can perform contract requirements satisfactorily.
Official sourcePercentage withheld from payments until contract completion.
Request for Information - market research before a formal solicitation.
Request for Proposal - solicitation for complex requirements evaluating technical merit and price.
Official sourceRequest for Quote - solicitation for commercial items with simpler evaluation.