3015(2) and 41U.S.C. Neither the financial institution nor the offeror/contractor can revoke or condition the letter of credit. 0000117230 00000 n 0000064173 00000 n Photo: John Nacion/NurPhoto/Zuma Press. 0000107142 00000 n 0000107649 00000 n 0000070706 00000 n 0000141181 00000 n 0000113517 00000 n Direct acquisition means a type of interagency acquisition where a requesting agency places an order directly against a servicing agencys indefinite-delivery contract. 0000161374 00000 n 0000079749 00000 n 0000070901 00000 n 0000090669 00000 n 0000086602 00000 n 0000091359 00000 n 0000109048 00000 n 0000093329 00000 n (10) For use in part 25, see the definition at 25.003. 0000145518 00000 n 0000106572 00000 n 0000112533 00000 n 0000076659 00000 n 0000134735 00000 n 0000077005 00000 n 0000180243 00000 n 0000067350 00000 n It consists of items or assemblies of equipment including foundations and similar improvements necessary for installing special test equipment, and standard or general purpose items or components that are interconnected and interdependent so as to become a new functional entity for special testing purposes. State and local taxes means taxes levied by the States, the District of Columbia, outlying areas of the United States, or their political subdivisions. 0000120827 00000 n 0000078595 00000 n (3) The system is designated a "major system" by the head of the agency responsible for the system ( 10 U.S.C. OMB Uniform Guidance at 2 CFR part 200 is the abbreviated title for Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR part 200), which supersedes OMB Circulars A-21, A-87, A-89, A-102, A-110, A-122, and A-133, and the guidance in Circular A-50 on Audit Followup. 0000170510 00000 n Solicitation means any request to submit offers or quotations to the Government. 0000065003 00000 n Under Section 113 of the Dodd-Frank Act, the Council is authorized to determine that a nonbank financial companys material financial distressor the nature, scope, size, scale, concentration, interconnectedness, or mix of its activitiescould pose a threat to U.S. financial stability. 0000108298 00000 n 0000081772 00000 n 0000110502 00000 n 0000175723 00000 n 0000116643 00000 n 0000164073 00000 n 0000132799 00000 n 0000073568 00000 n 0000157899 00000 n Between trough and peak, the economy is in an . 0000075595 00000 n 0000171032 00000 n 0000131240 00000 n Multiple-award contract means a contract that is. 0000080897 00000 n 0000145918 00000 n Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, or destruction in order to provide-. Responsible audit agency means the agency that is responsible for performing all required contract audit services at a business unit. 0000175900 00000 n Investopedia does not include all offers available in the marketplace. 0000151661 00000 n 0000148795 00000 n 0000177207 00000 n 0000104853 00000 n 0000158250 00000 n Shipment means freight transported or to be transported. (2) "Separate smaller contract" as used in this definition, means a contract that has been performed by one or more small business concerns or that was suitable for award to one or more small business concerns. 0000066138 00000 n 116). (vii) Navassa Island. 0000129490 00000 n Continued portion of the contract means the portion of a contract that the contractor must continue to perform following a partial termination. 0000159744 00000 n 0000103613 00000 n It can also mean the furnishing of professional advice or assistance rendered to improve the effectiveness of Federal management processes or procedures (including those of an engineering and technical nature). Historically black college or university means an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2. 0000155974 00000 n 0000173205 00000 n 0000155776 00000 n Tagged: HSBC The bases for the Councils designations are availablehere: The FMUs that the Council designated perform a variety of functions in the market, including the clearance and settlement of cash, securities, and derivatives transactions; many of them are central counterparties and are responsible for clearing a large majority of trades in their respective markets. 0000091180 00000 n 0000166930 00000 n Understanding designated market area (DMA) and how it impacts - Forbes 0000076862 00000 n 0000086405 00000 n 0000068188 00000 n 0000104311 00000 n 0000067677 00000 n (4) Awards based on a reserve for HUBZone small business concerns in a solicitation for a multiple-award contract. FMUs and financial institutions participating in payment, clearance, and settlement activities comprise the nation's financial infrastructure. 0000083073 00000 n 0000096032 00000 n For construction contracts that have been completely terminated for convenience, it means the entire contract, notwithstanding the completion of, and payment for, individual items of work before termination. (3) Minor outlying islands. (3) A cosurety is one of two or more sureties that are jointly liable for the penal sum of the bond. 0000128598 00000 n In fact. Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market S 0000113045 00000 n 0000098642 00000 n chapter 71, Contract Disputes, until certified as required by the statute. 0000116194 00000 n Labor surplus area means a geographical area identified by the Department of Labor in accordance with 20 CFR part 654, subpart A, as an area of concentrated unemployment or underemployment or an area of labor surplus. Accessed May 22, 2021. 0000140460 00000 n 0000177948 00000 n 0000122601 00000 n 0000088368 00000 n 0000125090 00000 n 0000139301 00000 n 0000139499 00000 n 0000139871 00000 n 0000111885 00000 n 0000157292 00000 n 0000085788 00000 n The use of the term "line item" includes "subline item," as applicable. 0000138637 00000 n 0000071946 00000 n 0000080351 00000 n 0000137207 00000 n 0000127904 00000 n 0000119199 00000 n 0000153942 00000 n 0000132725 00000 n 0000128804 00000 n 0000109299 00000 n 0000089291 00000 n 0000102400 00000 n 0000169916 00000 n 0000094046 00000 n 0000078938 00000 n 0000172438 00000 n 0000068358 00000 n 0000064604 00000 n 0000171209 00000 n (l|d6 0000107885 00000 n 0000077905 00000 n 0000147577 00000 n 0000067612 00000 n 0000149435 00000 n Value engineering change proposal (VECP), (1) Means a proposal that, (i) Requires a change to the instant contract to implement; and, (ii) Results in reducing the overall projected cost to the agency without impairing essential functions or characteristics, provided, that it does not involve a change. 0000107767 00000 n (1) Integrity, which means guarding against improper information modification or destruction, and includes ensuring information nonrepudiation and authenticity; (2) Confidentiality, which means preserving authorized restrictions on access and disclosure, including means for protecting personal privacy and proprietary information; and. 0000161744 00000 n 0000143275 00000 n 0000090901 00000 n 0000140166 00000 n Market makers are sometimes making markets forseveral hundred of listed stocks at a time. Assisted acquisition means a type of interagency acquisition where a servicing agency performs acquisition activities on a requesting agency's behalf, such as awarding and administering a contract, task order, or delivery order. (3) Any other indefinite-delivery, indefinite-quantity contract entered into with two or more sources pursuant to the same solicitation. 0000174860 00000 n 0000168252 00000 n 0000168922 00000 n 0000129859 00000 n 0000115579 00000 n (ii) Has been offered for sale, lease, or license to the general public; (2) A product that evolved from a product described in paragraph (1) of this definition through advances in technology or performance and that is not yet available in the commercial marketplace, but will be available in the commercial marketplace in time to satisfy the delivery requirements under a Government solicitation; (3) A product that would satisfy a criterion expressed in paragraph (1) or (2) of this definition, except for-, (i) Modifications of a type customarily available in the commercial marketplace; or. 0000170914 00000 n 0000159994 00000 n (ii) Howland Island. 0000158308 00000 n 0000072806 00000 n 0000141118 00000 n 0000122130 00000 n 0000127670 00000 n Regulator fines Citigroup $400 million for management failures - Axios 0000091242 00000 n For use in the clause at 52.247-34, see the definition at 52.247-34(a). %%EOF (ii) Recorded information comprising source code listings, design details, algorithms, processes, flow charts, formulas, and related material that would enable the computer program to be produced, created, or compiled. 0000073116 00000 n 0000077441 00000 n 0000128194 00000 n 0000105770 00000 n 0000150535 00000 n 0000069482 00000 n 0000065915 00000 n 0000125572 00000 n 0000069746 00000 n 0000138695 00000 n 0000078709 00000 n 0000133760 00000 n 0000141769 00000 n (1) A long-term relationship is contemplated; (2) Most or all of the facilities are owned or funded by the Government; and. 0000078996 00000 n 0000066895 00000 n 0000162407 00000 n 0000154384 00000 n 0000067930 00000 n 0000114939 00000 n 0000172851 00000 n 0000092961 00000 n (3) Information on changes in production methods and in production or purchasing volume; (4) Data supporting projections of business prospects and objectives and related operations costs; (5) Unit-cost trends such as those associated with labor efficiency; (7) Estimated resources to attain business goals; and. 0000107406 00000 n 0000108062 00000 n 0000172910 00000 n 0000170642 00000 n John ("Black Jack") Pershing (September 13, 1860 - July 15, 1948), was a general officer in the United States Army who led the American Expeditionary Forces in World War I. Additionally, the . United States, when used in a geographic sense, means the 50 States and the District of Columbia, except as follows: (1) For use in subpart 3.10, see the definition at 3.1001. 0000090003 00000 n 0000126499 00000 n In addition to bilateral instruments, contracts include (but are not limited to) awards and notices of awards; job orders or task letters issued under basic ordering agreements; letter contracts; orders, such as purchase orders, under which the contract becomes effective by written acceptance or performance; and bilateral contract modifications. 3701(1) and 41 U.S.C. "Administrative contracting officer (ACO)" refers to a contracting officer who is administering contracts. The federal funds rate is the interest rate that banks charge other banks for overnight loans; therefore, it is the most short-term of all the interest rates. 0000092557 00000 n 0000136184 00000 n 0000075457 00000 n 0000164712 00000 n 0000177835 00000 n 0000069160 00000 n 0000140343 00000 n 0000094570 00000 n 0000137970 00000 n 0000162533 00000 n 0000137359 00000 n 290 0 obj <>stream 11314(a)(2). 0000117666 00000 n 0000159618 00000 n Business unit means any segment of an organization, or an entire business organization that is not divided into segments. 0000117171 00000 n 0000098700 00000 n 0000123593 00000 n 0000149610 00000 n Purchase order, when issued by the Government, means an offer by the Government to buy supplies or services, including construction and research and development, upon specified terms and conditions, using simplified acquisition procedures. 0000098270 00000 n Design-to-cost means a concept that establishes cost elements as management goals to achieve the best balance between life-cycle cost, acceptable performance, and schedule. Supporting a diplomatic or consular mission means performing outside the United States under a contract administered by Federal agency personnel who are subject to the direction of a Chief of Mission. The Fed uses open market operations to encourage banks to meet this target. 0000153049 00000 n 0000175238 00000 n 0000120431 00000 n 0000105298 00000 n 0000088829 00000 n Day means, unless otherwise specified, a calendar day. 0000103115 00000 n 0000146234 00000 n 0000138142 00000 n 0000145142 00000 n 0000168509 00000 n It does not include shift premium, i.e., the difference between the contractor's regular rate of pay to an employee and the higher rate paid for extra-pay-shift work. 0000178905 00000 n Offer means a response to a solicitation that, if accepted, would bind the offeror to perform the resultant contract. 0000135041 00000 n Computer database or "database" means a collection of recorded information in a form capable of, and for the purpose of, being stored in, processed, and operated on by a computer. 0000178644 00000 n 0000149844 00000 n 0000157502 00000 n 0000120299 00000 n HUBZone means a historically underutilized business zone that is an area located within one or more qualified census tracts, qualified nonmetropolitan counties, lands within the external boundaries of an Indian reservation, qualified base closure areas, redesignated areas, governor-designated covered areas, or qualified disaster areas, as defined in 13 CFR 126.103. 0000137265 00000 n Reference in this regulation (48 CFR chapter 1) to administrative contracting officer or termination contracting officer does not-, (1) Require that a duty be performed at a particular office or activity; or. 0000105165 00000 n 0000168745 00000 n Part of the responsibility is to lessen volatility and increase liquidity, but those factors are not always under their control. Common item means material that is common to the applicable Government contract and the contractor's other work, except that for use in the clause at 52.246-26, see the definition in paragraph (a) of that clause. 0000146973 00000 n 0000103729 00000 n (See OMB Circular A-11, part 7.). 0000099559 00000 n 0000070836 00000 n Women-owned small business concern means, (1) A small business concern, (i) That is at least 51 percent owned by one or more women; or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more women; and, (ii) Whose management and daily business operations are controlled by one or more women; or. 0000065849 00000 n A designated market maker is one that has been selected by the exchange as the primary market maker for a given security. Direct cost means any cost that is identified specifically with a particular final cost objective. Proper invoice means an invoice that meets the minimum standards specified in 32.905(b). 0000154736 00000 n 0000089718 00000 n 0000092095 00000 n 0000091514 00000 n (3) See 13 CFR 121.103(b)(9) regarding the exception to affiliation for offers received from Small Business Teaming Arrangements in the case of a solicitation of offers for a bundled contract with a reserve. 0000147637 00000 n 0000080665 00000 n 0000093387 00000 n 0000121953 00000 n H.8, Assets and Liabilities of U.S. 0000154620 00000 n 0000121540 00000 n Governmentwide acquisition contract (GWAC) means a task-order or delivery-order contract for information technology established by one agency for Governmentwide use that is operated-, (1) By an executive agent designated by the Office of Management and Budget pursuant to 40U.S.C. 0000109165 00000 n 0000171150 00000 n 0000121017 00000 n 0000081586 00000 n 0000155026 00000 n They're usually separated by metropolitan area, with rural areas often being combined. 0000134619 00000 n Small business subcontractor means a concern that does not exceed the size standard for the North American Industry Classification Systems code that the prime contractor determines best describes the product or service being acquired by the subcontract. 0000167360 00000 n 0000145723 00000 n 0000168186 00000 n 0000086831 00000 n (3) Availability, which means ensuring timely and reliable access to, and use of, information. 0000067415 00000 n 0000077383 00000 n 0000084075 00000 n Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Last Update: The servicing agency manages the indefinite-delivery contract but does not participate in the placement or administration of an order. 0000114479 00000 n In determining whether affiliation exists, consideration is given to all appropriate factors including common ownership, common management, and contractual relationships. 0000084589 00000 n DMMs also oversee and run opening auctions, when orders are taken before the opening of an exchange to buy and sell securities, and closing auctions as well, when closing prices are similarly resolved after exchanges close on each trading day. 0000153876 00000 n 0000153744 00000 n 0000099257 00000 n Communications, Banking Applications & Legal Developments, Financial Stability Coordination & Actions, Financial Market Utilities & Infrastructures. 0000160993 00000 n This term is used in conjunction with a physical point to determine-, (1) The responsibility and basis for payment of freight charges; and. 0000085379 00000 n Claim means a written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to the contract. 0000100040 00000 n 0000090129 00000 n (3) Source selection plans. 0000093560 00000 n 0000080533 00000 n (ii) The Northern Mariana Islands; (2) Territories. 0000153236 00000 n 0000105652 00000 n 0000132651 00000 n 0000167522 00000 n 0000065264 00000 n 0000113340 00000 n 0000101560 00000 n 0000070071 00000 n 0000159492 00000 n 0000106041 00000 n 0000156586 00000 n (2) In this context, the term does not mean that the source has the sole capability of performing the research. First article testing means testing and evaluating the first article for conformance with specified contract requirements before or in the initial stage of production. 0000084773 00000 n 0000076361 00000 n 0000067865 00000 n 0000096168 00000 n 0000105475 00000 n 0000149376 00000 n 0000111333 00000 n 0000165556 00000 n 0000079920 00000 n 0000099054 00000 n 0000133628 00000 n 0000103855 00000 n (1) Any previously developed item of supply used exclusively for governmental purposes by a Federal agency, a State or local government, or a foreign government with which the United States has a mutual defense cooperation agreement; (2) Any item described in paragraph (1) of this definition that requires only minor modification or modifications of a type customarily available in the commercial marketplace in order to meet the requirements of the procuring department or agency; or. 0000106334 00000 n 0000127316 00000 n 0000163182 00000 n 0000143919 00000 n 0000168568 00000 n 0000167278 00000 n Activity Address Code (AAC) means a distinct six-position code consisting of a combination of alpha and/or numeric characters assigned to identify specific agency offices, units, activities, or organizations by the General Services Administration for civilian agencies and by the Department of Defense for defense agencies. 0000158671 00000 n (2) Does not include computer databases or computer software documentation. 0000048346 00000 n (1) An inherently governmental function involves, among other things, the interpretation and execution of the laws of the United States so as to-. 0000171268 00000 n 0000159810 00000 n 0000143409 00000 n 0000148009 00000 n 0000151307 00000 n 0000172497 00000 n 0000170973 00000 n 0000068965 00000 n Costs identified specifically with a contract are direct costs of that contract. 0000138942 00000 n 0000148141 00000 n 0000119022 00000 n 0000134444 00000 n 0000173087 00000 n 0000167976 00000 n 0000152990 00000 n 0000096951 00000 n Market regulation is often controlled by the. 0000096816 00000 n Past performance means an offerors or contractors performance on active and physically completed contracts (see 4.804-4). Monetary Base - H.3, Assets and Liabilities of Commercial Banks in the U.S. - (ii) To a significant extent, its use in the performance of a service or the furnishing of a product. (2) The nature and amount of any contingencies included in the proposed price. 0000114881 00000 n The submission may be converted to a claim, by written notice to the contracting officer as provided in 33.206(a), if it is disputed either as to liability or amount or is not acted upon in a reasonable time. 0000136302 00000 n 0000113576 00000 n 0000098989 00000 n 0000117410 00000 n Part 2 - Definitions of Words and Terms | Acquisition.GOV Designated market makers will maintain within their inventory quantities of shares for the securities they are assigned. The Auction Method: How NYSE Stock Prices Are Set, Live from the Floor of the NYSE with Bob Pisani, An Introduction to Securities Market Structures, orders are taken before the opening of an exchange. 0000124060 00000 n Computer software documentation means owners manuals, users manuals, installation instructions, operating instructions, and other similar items, regardless of storage medium, that explain the capabilities of the computer software or provide instructions for using the software. 0000119317 00000 n 0000092849 00000 n parquet contrecoll contreplaqu; boy girl, etc wikipdia; aspirateur pour pose liner piscine; enlever le got de vase . 0000128730 00000 n 0000133055 00000 n (2) Affiliates, as used in this definition, means business concerns, one of whom directly or indirectly controls or has the power to control the others, or a third party or parties control or have the power to control the others. 0000160782 00000 n 0000151543 00000 n 0000163442 00000 n A Small Business Teaming Arrangement between the offeror and its small business subcontractor(s) exists through a written agreement between the parties that, (A) Is specifically referred to as a "Small Business Teaming Arrangement"; and. 0000085437 00000 n 0000112408 00000 n 0000178513 00000 n 0000130691 00000 n (2) The term "information technology" includes computers, ancillary equipment (including imaging peripherals, input, output, and storage devices necessary for security and surveillance), peripheral equipment designed to be controlled by the central processing unit of a computer, software, firmware and similar procedures, services (including support services), and related resources. Factors to be considered in determining whether a modification is minor include the value and size of the modification and the comparative value and size of the final product. 0000154678 00000 n (3) Are consistent with the various elements of the offerors technical proposal. 0000090784 00000 n Simplified acquisition procedures means the methods prescribed in part 13 for making purchases of supplies or services. (3) Engineering and technical services, i.e., contractual services used to support the program office during the acquisition cycle by providing such services as systems engineering and technical direction (see 9.505-1(b)) to ensure the effective operation and maintenance of a weapon system or major system as defined in OMB Circular No.A-109 or to provide direct support of a weapon system that is essential to research, development, production, operation or maintenance of the system. 0000172146 00000 n 0000093924 00000 n 0000075814 00000 n Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred. 0000101620 00000 n 0000109633 00000 n 283 0 obj <>/Filter/FlateDecode/ID[<2603DA83F4FBF14084B6158EFAA715EE>]/Index[267 24]/Info 266 0 R/Length 81/Prev 66426/Root 268 0 R/Size 291/Type/XRef/W[1 2 1]>>stream 0000122920 00000 n 0000127611 00000 n 0000148413 00000 n 0000097269 00000 n HUBZone contract means a contract awarded to a Small Business Administration certified "HUBZone small business concern" through any of the following procurement methods: (1) A sole-source award to a HUBZone small business concern. 0000083694 00000 n Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA). 0000093213 00000 n 0000160869 00000 n 0000153810 00000 n 0000132519 00000 n Voluntary Consensus Standards are developed or adopted by domestic and international voluntary consensus standard making bodies (e.g., International Organization for Standardization (ISO) and ASTM-International). Inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. 0000110043 00000 n 0000148281 00000 n 0000158076 00000 n Data other than certified cost or pricing data means pricing data, cost data, and judgmental information necessary for the contracting officer to determine a fair and reasonable price or to determine cost realism. 0000082255 00000 n Direct costs are not limited to items that are incorporated in the end product as material or labor. Included are studies in support of R&D activities. 0000102220 00000 n Master solicitation means a document containing special clauses and provisions that have been identified as essential for the acquisition of a specific type of supply or service that is acquired repetitively.