Federal Business Glossary

Authorized Negotiator: A person who is designated and authorized to negotiate on behalf of the firm. This person may also be authorized to legally bind and contractually commit the company to any changes or updates to the contract. This person is usually identified within the offer and remains unchanged unless notified in writing to GSA. If this person changes, a contract modification must be done to add/delete a new authorized negotiator.

Blanket purchase agreement (BPA): BPAs can be established under any GSA Schedule contract to evaluate different contractors on Schedule for a particular category of supply or service, then establish an ongoing agreement for repetitive orders from whichever one is selected.

Contractor Assistance Visits (CAV): Periodic visits made by a GSA specialist to a business with a federal contract to evaluate how they are managing that contract.

Contractor Team agreement (CTA): In a CTA, two or more GSA Schedule contractors work together to meet Ordering Activity needs.

DUNS: DUNS, or Data Universal Numbering System, is a proprietary numbering system developed by Dun & Bradstreet. It provides a unique nine digit ID for each physical location of a business. Assignment is free, and required, if you're registering for a contract with the federal government.

FAR: The Federal Acquisition Regulation is the definitive procurement rule book for executive agencies who need goods and services.

eBuy: eBuy, a component of GSA Advantage!®, is an online Request for Quotation (RFQ) tool. eBuy is designed to facilitate the request for submission of quotations for a wide range of commercial supplies (products) and services under technology contracts and GSA Schedules.

8(a): The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses, offering a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

FBO: FBO, or FedBizOpps, is the government's point-of-entry for federal government procurement opportunities that are worth more than $25,000.

HUBZone: The HUBZone (Historically Underutilized Business Zones) Program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.

Industrial Funding Fee (IFF): A fee paid by businesses who are awarded contracts under Schedules to cover GSA’s cost of operating the Federal Supply Schedules program. The fee is a percentage of reported sales under Schedules contracts.

Multiple award schedules (MAS): Centralized buying vehicles negotiated by GSA with awards to many potential vendors and used by multiple agencies buying goods and services.

NAICS: The North American Industry Classification System (NAICS) is the standard used by Federal agencies to classify business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. They replaced SIC (Standard Industrial Classification) codes as of 1997.

OPEN (Option Process Ensuring iNtegrity): a process intended to streamline the contract renewal process.

Ordering activity: An ordering activity is any federal, state, local, tribal or otherwise sanctioned government entity that is authorized to place orders or establish BPAs against Multiple Award Schedule contracts.

Procurement & Technical Assistance Centers (PTAC): PTACs assist businesses with all areas of selling to federal, state, and local government, typically at no charge to the business.

SAM: The System for Award Management (SAM) is the official U.S. Government registration system for businesses wishing to do business with the federal government. It consolidates the capabilities of CCR/FedReg, ORCA, and EPLS. There is NO fee to register for this site.

SBA: The U.S. Small Business Administration is an independent agency of the federal government. It's continuing mission: To aid, counsel, assist and protect the interests of small business concerns.

Schedules: Schedules are long-term governmentwide contracts with commercial companies to provide customers access to millions of products and services at volume discount pricing.

Service-Disabled Veteran Owned Business (SDVOSB): An SDVOSB is a small business where the management and daily business operations are controlled by one or more military veterans who have been disabled in the line of duty.

SIN: SINs, or Special Item Numbers, are categorizations that group similar products, services, and solutions together within Schedules to aid in the acquisition process.

VSC: Vendor Support Center a one-stop resource to help GSA's commercial partners succeed in the federal government marketplace. The Vendor Support Center(VSC) is a one-stop resource to help GSA's commercial partners succeed in the federal government marketplace.

WOSB (Woman-owned small business): WOSBs are small businesses that are at least 51% owned directly and unconditionally by one or more women who are also US citizens. A woman must also manage day-to-day operations, make long-term decisions for the business, hold the highest officer position in the business and work at the business full-time during normal working hours. Contracting officers can set aside specific federal contracts for WOSBs.

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