Search results
Results From The WOW.Com Content Network
Type of acquisition (FAR Part 16, Types of Contracts): There are two main types of contracts – fixed price and cost reimbursement. In deciding which type to use, a Contracting Officer's identification of risk is key.
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report ( TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
In U.S. Federal government contracting, IDIQ is an abbreviation of the term indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. The legal origin of IDIQ contracts is the Federal Acquisition Regulation (FAR) section 16.504(a) (48 CFR ...
The FAR provides for several types of incentive contracts that can be based on cost, performance, delivery, or other targets. (16.401) Incentives can be combined with fixed-price and cost ...
Federal Acquisition Regulation. The Federal Acquisition Regulation ( FAR) is the principal set of rules regarding Government procurement in the United States, [ 1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian ...
Government procurement or public procurement is when a governing body purchases goods, works, and services from an organization for themselves or the taxpayers. [ 1][ 2][ 3] In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. [ 4][ 5] In 2021 the World Bank Group estimated that public procurement made up about ...
Cost-plus contract. A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for a profit. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
This article lists forms of government and political systems, which are not mutually exclusive, and often have much overlap. [1]According to Yale professor Juan José Linz there are three main types of political systems today: democracies, totalitarian regimes and, sitting between these two, authoritarian regimes with hybrid regimes.