All glossary terms
Contract Administration

Joint Venture

Two or more companies forming a unique entity to share work on an opportunity.

Related terms

Bundled Contract
Contract consolidating requirements from multiple previous contracts into one.
Contract
A legally binding agreement to provide goods or services under stated terms.
Contract Data Requirements List
Specifies all data deliverables required under a contract.
Contract Modification
Written change to contract terms after award.
Contractor Team Arrangement
Formal agreement between contractors to work together on a government opportunity.
Contract Start Date
Date the contractor begins full responsibility, usually after a transition period.
Cure Notice
Notice informing a vendor of default and specifying required corrective actions.
Deliverable
A report, product, or service to be provided per contract requirements.
Delivery Order
Order placed against an existing contract for supplies or products.
Direct Award
Non-competitive contract award. 8(a) companies may receive direct awards up to $8M.
Flip Roles
When an ineligible prime finds an eligible partner to sub, then reverses roles on the recompete.
Flow-Down Clauses
Contract clauses the prime must pass through to subcontractor agreements.