Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 1–12 of 12 terms
BAABROAD (Agency Announcement)
A BAABROAD (Agency Announcement) is a tool agencies use to solicit research and development proposals when seeking innovative solutions.
BAFO (Best and Final Offer)
A BAFO is the final proposal submitted in a negotiation, representing the offeror's most favorable terms to the government.
BCWP (Budgeted Cost Of Work Performed)
BCWP, also known as Earned Value, measures the value of completed work in terms of the budget originally allocated for that work.
BCWS (Budgeted Cost Of Work Scheduled)
BCWS, also known as Planned Value (PV), is the approved budget allocated to complete scheduled work, used in earned value management (EVM).
BES (Budget Estimate Submission)
A Budget Estimate Submission (BES) is a contractor's proposal to a government agency outlining estimated costs for a potential contract.
BID (Protest)
A Bid Protest in government contracting is a formal challenge to the award or proposed award of a contract, alleging procurement flaws.
BOABASIC (Ordering Agreement)
A BOABASIC Ordering Agreement simplifies recurring needs. It defines terms but doesn't guarantee orders, streamlining procurement for both parties.
BOMBILLOF (Materials)
A BOMBILLOF (Materials) outlines the required materials and components for a government contract, crucial for accurate costing and compliance.
BPA (Blanket Purchase Agreement)
A BPA is a simplified acquisition method to fill recurring needs for supplies or services, streamlining the ordering process for government agencies.
Buyboard Texas Association Of School Boards Cooperative Purchasing Program
BuyBoard is a purchasing cooperative that streamlines the procurement process for Texas school districts and other public entities.
BVABID (Verification And Audit)
BVABID is a process used in government contracting to confirm the accuracy and reliability of information submitted in a bid or proposal.
BWCBLACKWORD (Count)
BWCBLACKWORD (Count) refers to the number of words in a proposal that are considered 'black words' for evaluation scoring.