Contracts & Legal

Contracts & Legal

Forward Pricing Rate Agreements (FPRA)

A Forward Pricing Rate Agreement (FPRA) is an agreement between a contractor and a government agency in which certain indirect rates are established for a specified period of time. These rates are estimates of costs and are used to price contracts and contract modifications. These projections may include rates for such things as labor, indirect

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Contracts & Legal

Other Transaction Authority (OTA)

Other Transaction Authority (OTA) is the term commonly used to refer to the (10 U.S.C. 4021) authority of the Department of Defense (DoD) to carry out certain prototypes, research, and production projects. Other Transaction (OT) authorities were created to give DoD the flexibility necessary to adopt and incorporate business practices that reflect commercial industry standards

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Intelligence & Security

Critical Program Information (CPI)

Critical Program Information (CPI) is the U.S. capability element that contributes to the warfighters’ technical advantage, which, if compromised, undermines U.S. military preeminence. U.S. capability elements may include, but are not limited to, software algorithms and specific hardware residing on the system, training equipment, and/or maintenance support equipment. [2] Definition: Critical Program Information (CPI) is

Intelligence & Security

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Contracts & Legal

Broad Agency Announcement (BAA)

A Broad Agency Announcement (BAA) (FAR 35.016) is a notice from the government that requests scientific or research & development (R&D) proposals from private firms concerning certain areas of interest to the government that is not related to the development of a specific system or hardware procurement. A BAA doesn’t provide the standard Statement of Work

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Contracts & Legal

Time and Materials (T&M) Contract: Simple Overview

A Time and Materials (T&M) contract is normally used in construction and product development when a company or employee agrees to be paid for their “Time” and the “Material” used for the development of a product.  T&M contracts are used when you can not estimate the size of the project or any of the changes

Contracts & Legal

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Contracts & Legal

Statement of Work Checklist

The Statement of Work (SOW) is a document that enables offerors to clearly understand the government’s needs for the work to be done in developing or producing the goods or services to be delivered by a contractor.  It defines (either directly or by reference to other documents) all work (non-specification) performance requirements for a contractor.

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Contracts & Legal

Request for Quotation (RFQ)

A Request for Quotation (RFQ) is a method of soliciting offers from suppliers for customer’s requirements for suppliers or services that fit within the dollar amount for supplies or services;  >$3000.  This is used when the aggregate amount involved in any one transaction is relatively small. The FAR allows an RFQ for government-unique items to

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Contracts & Legal

Request for Proposal (RFP): Government Version

A Request for Proposal (RFP) is a solicitation used in negotiated acquisition to communicate government requirements to prospective contractors and to solicit proposals. The RFP describes the work to be done, how it will be judged, and the terms and conditions of the proposed agreement. It also tells the supplier how to send their proposal

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Contracts & Legal

Request for Information (RFI) – Overview & Purpose

A Request for Information (RFI) is a standard business process whose purpose is to collect written information about the capabilities of various suppliers. It is often used in market research as a solicitation sent to a broad base of potential suppliers for conditioning suppliers’ minds, developing strategy, and building a database for an upcoming contract

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Contracts & Legal

Protest in Government Procurement

In the complex landscape of government procurement, protests play a pivotal role in upholding fairness, transparency, and accountability. As businesses engage in competitive bidding for government contracts, disputes and disagreements are inevitable. Protests provide a mechanism for companies to challenge perceived injustices, whether it be solicitation improprieties, evaluation errors, or concerns about the contract award

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Contracts & Legal

Procuring Contracting Officer (PCO)

Procuring Contracting Officers (PCO) are warranted by their respective agencies to issue legal contracts between the US Government and the contracting entity. All programmatic, technical, and other contractual requirements established by the Program Manager (PM) for the contractor (or proposed contractor) must be issued by the PCO. Any changes that the contractor implements as a

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Contracts & Legal

Organizational Conflict of Interest

An Organizational Conflict of Interest (OCI) is when a person is unable or potentially unable to render impartial assistance or advice to the Government, or the person’s objectivity in performing the contract work is or might be otherwise impaired, or a person has an unfair competitive advantage. COI is when a person in a position

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Contracts & Legal

Other than Full and Open Competition

An Other than Full & Open Competition (Called a Sole Source Procurement) is when the government enters into a contract with a contractor without going through the typical competitive process as required by law because it deems that the contractor is the only source available that can meet the government requirements. Under certain circumstances, as

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Contracts & Legal

Interagency Acquisitions

Interagency Acquisitions are procedures by which a federal agency needing supplies or services can obtain these supplies or services from a federal agency.  Federal Acquisition Regulation (FAR) Subpart 17.5 describes the policies and procedures applicable to all interagency acquisitions. This regulation stems from the Economy Act which authorizes agencies to enter into agreements to obtain

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