Government Bidding Glossary (pt 1 2)


Acquisition:

The act of acquiring products, supplies or services by the government with funds through purchase or lease.

Agency:

Any government corporation, government controlled business, or other executive branch of the government.

Anti-deficiency act:

An act that prohibits authorizing or incurring obligations or expenditures that surpass the amounts allocated by Congress and distributed by the Office of Management and Budget (OMB).

Awards (Awarded Contracts)

Bids are awarded when a bidder's proposal is chosen from all the submitted proposals to provide the goods or services requested in the original notice or solicitation.

Bid Database

A list of data containing bids and their information, such as title, locations, dates, timeframe, requirements, and contact information.

Bid Notice

Information and updates related to a current bid. Can include special updates, notice of meetings or additional requirements, or other data.

Bid Notification

Communication sent to potential vendors that relates to a current open bid. Often includes additional information or details related to the bid. All AGB users can receive a daily bid notification that includes bids and awards that match their account preferences.

Blanket Purchase Agreement (BPA)

An Agreement made between the government entity and the supplier/vendor allowing purchases to be repeated during the specified period of time.

Business Information Centers (BICs)

A location for information, education, and help for entrepreneurs to start their business and help it grow. They provide on-site counseling, courses and workshops, and have many resources to help a variety of businesses.

Call for Tenders: call for bids

Central Contract Registration (CCR)

This Federal entity is where vendors can register to do business with the Federal Government.

Certificate of Competency

This certificate is issued by the Small Business Administration (SBA) stating that the person in question is responsible (in terms of capability competency, capacity, credit, and integrity) for receiving and performing the tasks required to complete a specific government contract.

Certified 8(a) Firm:

A firm owned and operated by economically and socially disadvantaged people which makes them eligible to receive Federal contracts under the Small Business Administration's 8(a) Development program.

Change Order:

An order issued to a contractor that changes previous requirements in the contract. These changes are limited to designs, specifications, the place of delivery, the method of shipment or packing, and the drawings.

Commercial Business Daily (CBD):

The business daily is a publication created by the Department of Commerce and used by federal agencies to publish

Commercial Item:

Any service or supply, besides real property, that is used for non-government purposes and that has been leased, licensed or sold to the public.

Contract Quality Requirements:

These are the technical requirements in the contract referring the quality of the product or service.

Cost or Pricing Data:

In regards to purchasing, data that includes: direct costs, indirect costs, profit of fee, information on changes in the production methods and in the purchasing volume, vendor quotations, and information on management decision that might effect the costs.

Defective Pricing:

Pricing that is not correct or is inaccurate. This can include orders placed against the Federal Supply Schedules (FSS), certified by a contractor to be correct, current and complete.

Defense Acquisition Regulatory Council:

A council composed of representatives from each military department, the National Aeronautics and Space Administration, and the Defense Logistics Agency and that is in charge of the Federal Acquisition Regulation (FAR on a joint basis with the Civilian Agency Acquisition Council (CAAC).

Direct Cost:

Any cost identified as a final cost objective for a contract action. This would include cost factors such as direct material and labor.

Electronic Commerce (EC):

Electronic techniques for completing transactions including messaging or email, electronic bulletin boards, purchase cards, transferring funds electronically, or exchanging data electronically.