Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 13–24 of 32 terms
ILC (Irrevocable Letter Of Credit)
An Irrevocable Letter of Credit (ILC) is a financial instrument often required by government contracts to ensure contractor performance or payment.
IMP (Integrated Master Plan)
The Integrated Master Plan (IMP) is a comprehensive planning document outlining the tasks required to complete a project or program.
IMS (Integrated Master Schedule)
An Integrated Master Schedule (IMS) is a comprehensive, time-based plan showing the tasks needed to complete a government contract.
Industry Day
An Industry Day is a government-hosted event to inform potential contractors about upcoming procurements and foster communication.
Infosec Information Security
Infosec (Information Security) encompasses processes and policies to protect sensitive data within IT systems and networks. Vital for government contractors.
IOC (Initial Operational Capability)
Initial Operational Capability (IOC) signifies a system or capability's first attainment of operational readiness, crucial in government contracting.
IPT (Integrated Product Team)
An Integrated Product Team (IPT) is a multidisciplinary team focused on achieving specific project objectives through collaborative decision-making.
IRD (Independent Research And Development)
IRD is a contractor's self-funded research, not directly sponsored by a government contract, but potentially benefiting future contracts.
ISAP (Information Systems Acquisition Process)
ISAP outlines the structured approach for government agencies to acquire information systems, ensuring efficiency, compliance, and mission success.
ISC (Industrial Security Committee)
An Industrial Security Committee (ISC) facilitates collaboration between government and contractors on national security & classified information protection.
ISDE (Information Systems Development Environment)
An ISDE is a comprehensive suite of tools and processes used to develop, test, and deploy information systems for government use.
ISO (International Organization For Standardization)
ISO standards provide frameworks for quality management, environmental practices, information security, and other areas crucial for government contracts.