Government Contracting Glossary
Master the language of government contracting. Browse 498 terms covering regulations, contract types, procurement processes, and more.
Showing 337–348 of 498 terms
OTA (Other Transaction Authority)
OTA grants agencies flexibility to procure innovative solutions outside traditional FAR-based contracts, often for R&D or prototype projects.
OTE (Operational Test And Evaluation)
Operational Test & Evaluation (OTE) assesses a system's effectiveness and suitability in realistic operational conditions, crucial for government acceptance.
OTOTHER (Transaction)
OTOTHER refers to any Other Transaction agreement that is not a prototype OT agreement. This allows agencies flexibility in procurements.
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.