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GovCon Acronym Decoder

Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.

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3 of 172 terms matching "LOS"

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LOS
Small Business

Limitations on Subcontracting

The rule that on set-aside awards, the small business prime must perform a required percentage of the work itself rather than pass it all through.

When you see it

On every set-aside contract, in FAR 52.219-14.

Do you need it

Yes. Violating it is a compliance and eligibility problem, not just a contract issue.

Where it comes from

FAR 52.219-14 and 13 CFR 125.6.

LOS
Small Business

Limitations on Subcontracting

The rule that on set-aside awards, the small business prime must perform a required percentage of the work itself rather than pass it all through.

When you see it

On every set-aside contract, in FAR 52.219-14.

Do you need it

Yes. Violating it is a compliance and eligibility problem, not just a contract issue.

Where it comes from

FAR 52.219-14 and 13 CFR 125.6.

NDA
Small Business

Non-Disclosure Agreement

A mutual agreement to protect information exchanged during a pursuit.

When you see it

Before teaming conversations get specific.

Do you need it

Sign one before sharing rates, resumes, or past performance.

Where it comes from

Commercial practice.

Related terms

FFP
Contract Types

Firm Fixed Price

One price for a defined scope. You keep the savings if you perform efficiently and you absorb the loss if you do not. Maximum risk to the contractor, minimum risk to the government.

When you see it

On well-defined commercial products and services. The most common contract type for new contractors.

Do you need it

Price it carefully. There is no true-up later.

Where it comes from

FAR 16.202.

Related terms

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