Search results
Results from the WOW.Com Content Network
In the United States, the processes of government procurement enable federal, state and local government bodies in the country to acquire goods, services (including construction), and interests in real property. [1] Contracting with the federal government or with state and local public bodies enables interested businesses to become suppliers in ...
Below the micro-purchase threshold, generally $10,000, purchases may be awarded in the absence of competitive quotes "if the contracting officer or designated official considers the price to be reasonable", and use of a Government Purchase Card is preferred.
The Military Interdepartmental Purchase Request (MIPR) is a method for transferring funds amongst U.S. military organizations. It allows for multi-organizational cooperative efforts to be performed, rather than limiting funding to a single organization. MIPR is defined in the US government's Code of Federal Regulations, 48CFR253.208-1, DD Form ...
The National Defense Resources Preparedness executive order (Executive Order 13603) is an order of the President of the United States, signed by President Barack Obama on March 16, 2012. [1] The purpose of this executive order is to delegate authority and address national defense resource policies and programs under the Defense Production Act ...
Purchasing card. A purchasing card (also abbreviated as PCard, P-Card, or ProCard) is a form of company charge card that allows goods and services to be procured without using a traditional purchasing process. In the UK, purchasing cards are usually referred to as procurement cards. Purchasing Cards are usually issued to employees who are ...
Designated Approving Authority. The Designated Approving Authority, in the United States Department of Defense, is the official with the authority to formally assume responsibility for operating a system at an acceptable level of risk. The new official term that has replaced DAA is Authorizing Official (AO). [1]
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush. It was a component of the government's measures in 2009 to address the subprime ...
e. Government procurement or public procurement is when a governing body purchases goods, works, and services from an organization for themselves or the taxpayers. [1][2][3] In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. [4][5] In 2021 the World Bank Group estimated that public procurement made up about 15 ...