Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 1–12 of 40 terms
PACE (Purchasing Association Of Cooperative Entities)
PACE facilitates cooperative purchasing agreements, allowing government contractors to leverage existing contracts and streamline procurement processes.
PALT (Procurement Administrative Lead Time)
PALT is the time needed for government procurement processes, from identifying a need to contract award, crucial for contractor planning.
PAR (Performance Assessment Report)
A Performance Assessment Report (PAR) is a formal evaluation of a contractor's performance on a government contract, crucial for future opportunities.
PBA (Performance Based Acquisition)
PBA focuses on outcomes, not processes. Government contracts using PBA emphasize results and contractor innovation, enhancing value and efficiency.
PBI (Performance Based Incentive)
A Performance Based Incentive (PBI) is a reward tied to achieving specific, measurable, and agreed-upon performance goals in a government contract.
PCA (Procurement Contracting Authority)
Procurement Contracting Authority (PCA) is the authority granted to individuals to enter into, administer, or terminate contracts on behalf of the government.
PCARD (Purchasing Card)
A PCARD is a government-issued charge card used for simplified acquisitions, offering a streamlined payment method for authorized purchases.
PCO (Procuring Contracting Officer)
The PCO is the government's main point of contact and has the authority to enter into, administer, and terminate contracts.
PD (Program Director)
The Program Director (PD) oversees a specific government contract or program, managing its performance, budget, and schedule, critical for success.
PDA (Principal Development Agency)
A Principal Development Agency (PDA) is the lead agency responsible for managing a specific Federal program that multiple agencies may support.
PDR (Preliminary Design Review)
The Preliminary Design Review (PDR) assesses a system's design progress and ensures it meets requirements before detailed design begins.
PEO (Program Executive Officer)
A Program Executive Officer (PEO) is a senior acquisition official responsible for managing a portfolio of related acquisition programs.