Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 25–29 of 29 terms
FPRFINAL (Proposal Revision)
FPRFINAL is the final version of a proposal submitted by a government contractor after negotiations, representing their best and final offer.
FSC (Federal Supply Class)
The Federal Supply Class (FSC) is a coding system categorizing products and services the federal government buys. Learn how it impacts bidding.
FSS (Federal Supply Service)
The Federal Supply Service (FSS) was a former component of GSA that managed supply schedules. It's now integrated within GSA's operations.
FTC (Federal Trade Commission)
The FTC prevents business practices that are anticompetitive, deceptive, or unfair to consumers, impacting contractor competition.
FY (Fiscal Year)
The Fiscal Year (FY) is the U.S. government's accounting period, starting October 1st and ending September 30th, crucial for budget planning.