Finance:Provision (contracting)

From HandWiki
Short description: Written term or condition used in a solicitation

In United States government contracting, a provision or solicitation provision is a written term or condition used in a solicitation. A solicitation provision applies only before a contract is awarded to a vendor.[1] This distinguishes provisions from clauses, which apply after contracts are awarded (and possibly before).

References

  1. ↑ Title 48, Federal Acquisition Regulations System; Chapter 1, Federal Acquisition Regulation; Subchapter A, General; Part 2, Definitions of Words and Terms; Subpart 2.1, Definitions, accessed 28 October 2021

See also

  • The Government Contracts Reference Book: A Comprehensive Guide to the Language of Procurement, Third Edition, Softcover, Ralph C. Nash Jr., Karen R. O'Brien, Steven L. Schooner, Vernon J. Edwards, pages 99 and 466



Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Provision_(contracting)&oldid=135015"