Web Content Viewer (JSR 286)

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Definition of Terms

 

  • Contract: Mutually binding legal relationship obligating the seller to furnish the supplies or services and the buyer (the Government) to pay for them.
  • Solicitation: Any request to submit offers or quotations to the Government
    • Invitations for Bid (IFB): Solicitation under sealed bid procedures
    • Request for Proposal (RFP): Solicitation under negotiated procedures
    • Request for Quotation (RFQ): Solicitation under Simplified Acquisition Procedures
  • Requisition: A purchase request

 

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