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Government Contracting Glossary

Terms, acronyms and definitions to help you understand federal procurement terminology.

135 results

Terms · D

Discussions

Negotiations between the government and offerors to improve proposals in the competitive range.

Terms · D

DUNS Number

Former 9-digit business identifier replaced by UEI in April 2022.

Terms · E

EAR

Export Administration Regulations control dual-use items that have both commercial and military applications.

Terms · E

EIN

Employer Identification Number - a 9-digit tax ID assigned by the IRS.

Terms · F

FAR

The Federal Acquisition Regulation is the primary set of rules governing federal government procurement.

Terms · F

FedRAMP

Federal Risk and Authorization Management Program standardizes cloud security assessment for government use.

Terms · F

FFP

Firm Fixed Price - contract where price doesn't change regardless of costs.

Terms · F

Final Proposal Revision

Updated proposal submitted after discussions providing offeror's final offer for evaluation.

Terms · F

Final Rate

Audited indirect cost rate based on actual costs incurred.

Terms · F

FISMA

Federal Information Security Modernization Act requires agencies to secure federal information systems.

Terms · F

Forward Pricing Rate

Agreed-upon indirect cost rates used for estimating costs on proposals and contracts.

Terms · F

Funded Value

Amount of money actually obligated and available to spend.

Terms · G

G&A

General and Administrative expenses allocated across all contracts.

Terms · G

GAO Protest

Formal challenge to a procurement decision filed with the Government Accountability Office.

Terms · G

GSA Schedule

Long-term contract allowing sales to all federal agencies.

Terms · G

GWAC

Government-Wide Acquisition Contract - multi-agency IT contract vehicle.

Terms · H

HUBZone

Historically Underutilized Business Zone program.

Terms · I

IDIQ

Indefinite Delivery/Indefinite Quantity - umbrella contract for task orders.

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