Contracts & Legal

Contracts & Legal

Business Clearance

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 …

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Contracts & Legal

Cooperative Agreement

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 …

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Contracts & Legal

10 USC 2373 “Procurement for Experimental Purposes”

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 …

Contracts & Legal

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Contracts & Legal

Best-In-Class

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 …

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Contracts & Legal

Commercial Solutions Opening (CSO)

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 …

Contracts & Legal

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