Government supplies consolidating service

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All facts that, as of the date of price agreement, or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price, prudent buyers and sellers would reasonably expect to affect price negotiations significantly.

Purchasing, renting, leasing, or otherwise obtaining supplies or services from nonfederal sources.

New businesses in the government marketplace will find many procurement-specific phrases and terms not frequently used in the private sector.

The following table lists some of the most commonly used procurement-specific phases and terms along with their definitions.

A firm owned and operated by socially and economically disadvantaged individuals and eligible to receive federal contracts under the Small Business Administration’s 8(a) Business Development Program.

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.

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