A Partnership Intermediary Agreement (PIA) (15 U.S.C. §3715 ) is a contract, agreement, or memorandum of understanding with a non-profit partnership intermediary to bring together academia and industry on behalf of the government to speed up tech transfer and licensing. Definition: Partnership Intermediary means an agency of a State or local government, or a nonprofit …
Business Clearance is the formal approval from leadership to execute a contract after negotiations have been finalized. It’s accomplished by a contracting officer that develops a draft and final Price-Negotiation Memorandum (PNM) or Price-Competitive Memorandum (PCM) to be submitted for approval. Definition: Business Clearance is the formal authorization from leadership to execute a contract following the …
A Cooperative Agreement is a legal instrument used to enter into a relationship between the government and the recipient when carrying out the activity contemplated by the cooperative agreement. A cooperative agreement is used when it’s expected there will be “substantial involvement” (unlike a grant) from the government. Definition: A legal instrument reflecting a relationship between …
A Request for Equitable Adjustment (REA) is an official request from a contractor to a contracting officer asking for an equitable change to the contract price based on a change to the contract requirements. An REA normally occurs when the contractor finds that an unexpected issue has arisen that wasn’t anticipated during the development of …
Title 10 Section 2373 “Procurement of Experimental Purposed” is a rapid acquisition tool for fielding and testing new capabilities. Organizations must request delegations of authority to utilize 2373. Since FAR and DFARS don’t apply to section 2373 projects can be streamlined avoiding non-value-added processes. Section 2373 authority can be combined with other authorities such as …
10 USC 2373 “Procurement for Experimental Purposes” Read More »
Best-in-Class (BIC) is designated by the Office of Management and Budget (OMB) as a preferred governmentwide solution that: Allows acquisition experts to take advantage of pre-vetted, governmentwide contract solutions; Supports a governmentwide migration to solutions that are mature and market-proven; Assists in the optimization of spend, within the governmentwide category management framework; and Increases the …
A Commercial Solutions Opening (CSO) is a merit-based source selection strategy for the Department of Defense (DoD) to acquire innovative commercial items, technologies, or services that directly fulfill requirements, close capability gaps, or provide potential technological advances. It’s focused on businesses or institutions that have “not traditionally” done business with the U.S. Government. CSO can …
Order-Level Materials (OLM) are supplies or services acquired in direct support of task or delivery order placed against a General Services Administration (GSA) Federal Supply Schedule (FSS) contract or Blanket Purchase Agreements (BPAs) when the type and quantity of supplies or services are not known at the time. The cumulative value of OLM shall not …
Contract Line Item Numbers (CLIN) (FAR Part 4.10) are part of defense contracts that break the contract down by the commodities being procured (labor hours of services, funding for travel, quantity product A, etc.). They help identify the supplies or services to be acquired as separately identified line items on a contract that provides for …
A fixed-price incentive (successive target) contract (FAR 16.403-2) is an incentive type contract that operates in the same way as a Fixed Price Incentive (firm target) contract except that one or more revisions in the target cost and target profit may be made during performance. At the beginning, the contracting officer shall specify in the …
