Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 181–192 of 498 terms
FOB (Destination)
FOB (Destination) defines the point where ownership and responsibility for goods transfer from seller to buyer in a contract, crucial for contractors.
FOIA (Freedom Of Information Act)
The Freedom of Information Act (FOIA) grants public access to federal agency records, impacting government contractor transparency.
FOUOFOR (Official Use Only)
FOUOFOR (Official Use Only) identifies unclassified information with access or distribution limitations to protect government interests.
FPDS (Federal Procurement Data System)
FPDS is the central repository for collecting, storing, and disseminating data on federal contracting actions, promoting transparency.
FPIFIXEDPRICE (Incentive)
An FPIFIXEDPRICE contract provides for a fixed price with the opportunity for adjustments based on performance against pre-determined targets.
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.
GA (General And Administrative Expenses)
GA (General and Administrative Expenses) are indirect costs vital for a contractor's overall business operations but not directly tied to specific contracts.
GAO (Government Accountability Office)
The GAO investigates government spending and performance, including federal contracts. Contractors must understand GAO's role in oversight and accountability.