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Prime contractor is a term defined in the US law. [12] [13] Statutory definitions of prime contract, prime contractor, subcontract, and subcontractor are in 41 U.S.C. ...
Contracts directly between the Government and its contractors ("prime contracts") are governed by federal common law. Contracts between the prime contractor and its subcontractors are governed by the contract law of the respective states. Differences between those legal frameworks can put pressure on a prime contractor. [citation needed]
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
List of defense contractors. A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government. Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical ...
Nadcap was established in 1990 by SAE International. Nadcap's membership consists of "prime contractors" who coordinate with aerospace accredited suppliers to develop industry-wide audit criteria for special processes and products. Through PRI, Nadcap provides independent certification of manufacturing processes for the industry. [1]
Prime contractor may refer to: Prime contractor (US Government), a specific term in the US law for contractors that work directly with the US government. Prime contractor, a synonym of general contractor that works directly with an end customer [citation needed]
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
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% ...