Government Contracting Glossary
Master the language of government contracting. Browse 509 terms covering regulations, contract types, procurement processes, and more.
Showing 37–41 of 41 terms
PRAG (Performance Risk Analysis Group)
The PRAG analyzes contractor performance risk, helping agencies make informed award decisions and manage contracts effectively.
PSA (Procurement Services Agreement)
A Procurement Services Agreement (PSA) defines terms for procuring goods/services, often used for streamlined buying or indefinite delivery contracts.
PSC (Product Service Code)
A Product Service Code (PSC) is a four-digit code used by the U.S. federal government to classify the products and services it buys.
PSS (Professional Services Schedule)
The PSS is a GSA Schedule that allows federal agencies to procure a wide range of professional services from qualified contractors.
PWS (Performance Work Statement)
A PWS defines the required results in measurable, performance-based terms rather than dictating how a contractor performs the work.