What is the General Services Administration - Provides centralized procurement for the Federal Government.
100
A purchase of goods or services so critical that an agency will suffer financial or operational damage unless they are secured immediately.
What is an Emergency Purchase?
100
The relation or policy in commercial dealings between states or countries by which corresponding advantages or privileges are granted by each entity to the vendors of the other.
What is Reciprocity?
100
Term used to indicate that no further negotiation on the amount or terms is possible.
What is a BAFO? Best and Final Offer
100
This person or entity has the authorization to act on behalf of some other person or entity.
What is an Agent?
200
FOB.
What is Free on Board? Term specifying at what point the seller transfers ownership of the goods to the buyer.
200
An explicit set of requirements to be satisfied by a material, product, or service.
What is a Specification?
200
An internal document by which agency personnel provide their written requests for commodities or services to the budget and purchasing departments.
What is a Requisition?
200
Standard classification codes for products and services used to detail where money is spent within an organization.
What are Commodity Codes?
200
That "body" of the law that refers to how business firms (parties) will enter into contracts with other, execute contracts, and remedy problems that arise in a process.
What is Commercial Law?
300
EDI
What is Electronic Data Interchange? The transfer of data from one computer system to another by standardized message formatting, without the need for human intervention.
300
This should contain any milestones, reports, deliverables, and end products that are expected to be provided by the performing party.
What is the Scope of Work?
300
The competitive sealed proposal procedure which allows changes to be made after other proposals are opened and contemplates that the nature of the proposals and/or prices offered will be negotiated prior to award.
What is a Request for Proposal (RFP)?
300
Generally used for commodities that have a single delivery
to a single user at a fixed point in time
Group Purchasing Organization: an entity that is created to leverage the purchasing power of a group of like businesses to obtain discounts from vendors based on the collective buying power of the members
400
Alcoholic beverages, airfare, professional services
What are p-card disallowed purchases?
400
An individual or entity that submits a proposal. The term includes anyone acting on behalf of the individual or other entity that submits a proposal, such as agents, employees, and representatives.
What is a Respondent or Responder?
400
This is used in cases where you are ordering a commodity with multiple deliveries to multiple users over
an extended period of time, a commodity with special terms and conditions.
What is a Contract (or Service Contract); Blanket PO may also be accepted.
400
This law amended the Foreign Corrupt Practices Law by implementing the provisions of the Organization for Economic Cooperation and Development's Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
What is the International Anti-Bribery Act?
500
Substantial and complex set of rules governing the federal government's purchasing process.
What is FAR - Federal Acquisition Regulations.
500
This type of policy outlines the expectation of conduct by persons who have influence over purchasing decisions.
What is an Ethics Policy? (or Conflict of Interest Policy)
500
A type of auction in which sellers bid for the prices at which they are willing to sell their goods and services.
What is a Reverse Auction?
500
This provides a mechanism for citizens to inspect or copy government records. It also provides for instances in which governmental bodies wish to, or are required by law to, withhold government records from the public.
What is an Open Records Act?
500
This stand-a-lone law addressed electronic commerce not covered in the Uniform Commercial Code (UCC).
What is the Uniform Electronic Transaction Act, 1999