There is only one person or company that can provide the contractual services needed (two words)
sole source
Choosing a specific company and bypassing the competition (two words)
single source
A contract type where the contractor assumes most of the risk (two words)
fixed price
A change to a solicitation before contract award
amendment
The body of regulations that are the primary sources of authority governing the Federal government procurement process
FAR
A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings (two words)
contracting officer
An oral or written document that informs the vendor that he or she is in default and states what the vendor has to do to correct the deficiency (two words)
cure notice
A unilateral right in a contract by which, for a specified time, the Government may elet to purchase additional supplies or services called for by the contract, or may elect to extend the term of the contract
option
The process of establishing a reasonable amount or amounts to be paid for supplies or services
pricing
The procedures for obtaining goods or services, including all activities from the planning steps and preparation and processing of a requisition, through receipt and acceptance of delivery and processing of a final invoice for payment
procurement
Means the imperative
shall
A term or condition used only in solicitations and applying only before contract award
provision
An order for services placed against an established contract or with Government sources (two words)
task order
A rpomise or affirmation given by a contractor to the Government regarding the nature, usefulness, or condition of the supplies or performance of services funished under the contract
warranty
A concern, including its affiliates, that is independently owned and operated, not dominant in the firld of operation in which it it bidding on Government contracts (two words)
small business
The act of an authorized government representative (buyer) by which the governemnt assents to ownership of existing and identitied supplies or approves specific services rendered, as partial or complete performance of a contract
acceptance
An offer to perform the work described in a contract at a specified cost; generally cost-specific, a formal opening process at a specified time and date
bid
Consolidating two or more requirements for supplies or services, previously provided or performed under separate smaller cotract, into a solicitation for a single contract that is likely to be unsuitable for award to a small-business concern
bundling
A written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to the contract
claim
The process in which the awarding agency determines that all applicable administrative actions and all required work of the award have been completed by the receipient and the awarding agency
closeout
A procurement strategy where more than one contractor that is capable of performing the contract is solicited to submit and offer for supplies and services
competition
A mutually binding legal relationship obligating the seller to furnish the supplies or services (including construction) and the buyer to pay for them
contract
An individual or vendor that has entered into an agreement to provide goods or services to an agency
contractor
Failure of a vendor to comply with the terms and conditions of a contract
default