Fast Track Construction
A project delivery
strategy in which construction starts before
the design is completed.
Federal Acquisition Institute (FAI)
1976 under the Office of the Federal
Procurement Policy Act, the FAI is charged
with fostering and promoting the development
of a federal acquisition workforce. FAI
facilitates and promotes career development
and strategic human capital management for
the acquisition workforce.
Federal Acquisition Regulation (FAR)
A set of
principles that governs the purchase of goods
and services by U.S. federal government
Federal Communications Commission (FCC)
independent U.S. federal agency charged with
regulating interstate and international
communications by wire, cable, satellite,
radio, and television in all states, U.S.
territories, and the District of Columbia.
The shortfall created when the
amount spent by the U.S. government
exceeds the total revenues collected for a
specific fiscal year.