Defense Acquisition Regulations (DAR)
of the Federal Acquisition Regulations (FAR)
that directly apply to the U.S. Department of
Government spending in excess
of the revenues collected or budgeted during
a given fiscal year.
Term used when a specific
requirement quantity and delivery date have
The important or material terms of
an agreement that are specifically expressed.
Under common law, an offer must include the
important, or material, terms of the proposed
agreement so that, when a party accepts the
offer, a resulting agreement is enforceable.
Important terms include subject matter, price,
payment terms, quantity, quality, duration,
and the scope of work to be done. If the
parties purport to agree on a material term,
but do so in a vague manner, as contrasted
from omitting the term altogether, there is no
agreement because it is too indefinite.
Phenomenon that occurs when the
general level of prices decreases to the point
that the inflation rate becomes negative. See
A claim filed by a contractor or an
owner for unanticipated delays to a project.
Delay claims require significant
documentation and are based in part on cost
accounting concepts. When a contractor
delays a project, the owner can recover one of
two types of damages: liquidated or actual.
The components of a Contractor Delay Claim
include indirect costs, home office overhead,
increased material direct costs, lost
productivity, and other damages directly
related and attributable to a delay.
Authorized or appointed
individuals, outside the procurement
department, who are delegated the authority
under an entity’s rules and procedures to
make purchases, generally small dollar, on
behalf of an entity.
Delegation of Authority
The conferring of
authority by someone who has it to another
person to accomplish a task.
1. The actual contractual work product as
defined in the statement of work; the desired
goods or services described in a statement of
requirement, specifications, scope of work, or
other similar solicitation component to be
provided under the contract. (Australia)
2. The completion of a milestone or the
accomplishment of a task that can be
measured and verified and may be a unit by
which a contractor or consultant may be paid.
See also: Milestone.
The physical transfer of possession from
one party to another, as from a carrier,
supplier, or contractor to the purchaser. See
also: Free on Board (F.O.B.) Destination,
Freight Collect, Freight Collect and Allowed,
Freight Prepaid and Added, Freight Prepaid
and Allowed, Free on Board (F.O.B.) Origin,
Freight Prepaid and Charged Back.