1. Official approval or permission.
2. A punitive action by a government.
The part of a budget that is not spent.
A characteristic that describes an
entity's, organization's, model's, system's, or
function's ability to change in size or scale
during a period of increased demand to meet
The gap between resources and
A contract that consolidates
agency requirements by pre-establishing a bid
opening date and requiring using agencies to
submit requirements by a specified time. Also
called schedule purchase.
Schedule of Events
Also referred to as a
“timetable” or “timeline.” It identifies the
projected milestones in the procurement
process from the beginning of the
procurement to its finalization.
Scope of Work
A written description of an
entity’s needs and desired outcomes for a
procurement developed at the beginning of
the procurement cycle. The scope of work is
the basis for any resulting solicitation; it helps
ensure that the product or service meets the
stated outcome and establishes the
parameters of the resulting contract.