Allowable costs are expenses that are reimbursable under a Cost Plus Fixed Fee (CPFF) contract. They must meet the criteria of being reasonable, allocable, and compliant with the terms of the agreement.
Detailed exploration of Cost Accounting Standards (CAS), their historical context, types, importance, applicability, and related terms, aimed at ensuring uniformity in cost accounting practices.
An overview of the Cost Accounting Standards Board, its historical context, key functions, and importance in government contracts.
A detailed guide on Defense Federal Acquisition Regulation Supplement (DFARS), covering its historical context, types, key events, importance, applicability, examples, related terms, FAQs, and more.
A comprehensive look at the Federal Acquisition Regulation (FAR), including its historical context, types, key events, detailed explanations, and more.
The process by which the federal government purchases goods and services from the private sector, ensuring compliance with legal and regulatory frameworks.
An exploration into Government Contracts, the legal agreements established for the provision of goods and services between companies and government entities.
Comprehensive guide on IDIQ Contracts, covering historical context, types, key events, explanations, mathematical models, importance, examples, considerations, related terms, comparisons, interesting facts, quotes, jargon, FAQs, and references.
An in-depth examination of Indefinite Delivery Vehicles (IDVs), types, applications, and strategic importance in procurement processes.
An Invitation for Bid (IFB) is a formal method used in public procurement to solicit bids for goods or services. Detailed information about the IFB's structure, applications, and notable considerations are provided.
The prevailing wage is the average wage paid to workers employed in similar occupations within a specific geographic area. This concept is central to labor economics, government contracts, and public policy.
A comprehensive guide to understanding responsive bids in procurement, including historical context, key elements, examples, and related terms.
A detailed overview of set-aside contracts, which are reserved exclusively for competition among certain groups like 8(a) firms or HUBZone businesses.
Comprehensive exploration of set-aside contracts, including their historical context, types, key events, and significance in fostering small business involvement in government procurement.
An in-depth exploration of unallowable costs, including definitions, types, historical context, key events, importance, applicability, examples, and considerations in contractual agreements.
In-depth exploration of interindustry competition, where businesses from different sectors compete for the same market opportunities or contracts.
Comprehensive overview of the practice of kickback finance, including its prevalence in different sectors, legal implications, historical context, and more.
Minority businesses are growing in number but often face challenges such as lack of financing and management experience. The federal government supports these businesses by earmarking a percentage of government contracts for them.
An in-depth exploration of set-aside programs which allocate a certain percentage of government and corporate contracts for minority firms to promote equal opportunity.
Comprehensive guide to 8(a) firms, including their definition, purpose, eligibility criteria, and special considerations for socially and economically disadvantaged small business owners.
Business to Government (B2G) refers to the sale and marketing of goods and services to federal, state, or local government agencies.
An in-depth look into Government-Wide Acquisition Contracts (GWAC), exploring their structure, functionality, benefits, historical context, and applications across various government agencies.
Explore the Private Finance Initiative (PFI), a method of funding public-sector projects through private investment. Learn about its benefits, drawbacks, and real-world examples.
An exhaustive guide to understanding procurement, covering its definition, types, processes, and applications in business and government sectors.
