Underwriter’s Laboratory (UL)
independent safety science company
dedicated to promoting safe living and
Unfair Competitive Advantage
action that provides for an advantage of one
competitor over other competitors. For example, an unfair competitive advantage
may exist when a contractor competing for an
award possesses proprietary information that
was wrongfully obtained from the government
without proper authorization. Occurs when a
contractor gains exclusive access to
information that is not available to other
Uniform Administrative Requirements for Grants in Aid to States and Local Governments
Document issued by the Office of
Management and Budget (OMB) in 1988 to
establish uniform administration rules for
federal grants and cooperative agreements.
See also: OMB Circular A-102.
Uniform Commercial Code (UCC) (U.S. Law)
1952 and revised and amended in 2003, the
UCC was formulated by the National
Conference of Commissioners on Uniform
State Laws (NCCUSL) and the American Law
Institute. The Code covers a wide range of
commercial activities, but it is not applicable
to United States federal government
contracting. The UCC determines rights and
obligations on the basis of fairness and
reasonableness in the light of accepted
business practices. The UCC has been
adopted by all fifty states. Article 2, entitled
“Sale of Goods,” is the most important part of
the UCC for procurement professionals.
Absent a specific state or federal statute or
administrative regulation, Article 2 will govern
a contract for the sale of goods.
Uniform Freight Classification
A system that
groups related goods/commodities into specific
rate categories; governs class rates for rail
transportation. See also: Class Rate.
Uniform Mediation Act (UMA)
Adopted by the
National Conference of Commissioners on
Uniform State Laws on February 4, 2002. The
UMA was promulgated to harmonize the
proliferation of state and local mediation laws
in hopes of devising a uniform law that would
be adopted by the states.
2. A procurement action initiated by one party.
3. Involving or affecting only one side or one
Unilateral Modification (of a Contract)
of one party to a contract to change the
contract pursuant to the change clause of a
contract. A unilateral modification may occur
for two reasons: 1) The right to unilaterally
modify the contract has been given to the
public agency in the contract itself, or 2) The
modification is for a minor purpose. See also:
Bilateral Modification (of a Contract).
A situation for which insurance
companies will not provide coverage because
such situation would violate the law or pose
an unacceptable or unknowable risk of loss.
The cost of a unit of product or service,
determined by dividing the total costs for a
given period of operation by the number of
units produced during that period.