Who is considered federal contractor?
Federal contractors are individuals or employers who enter into a contract with the United States (any department or agency) to perform a specific job, supply labor and materials, or for the sale of products and services.
What does contracting mean in the federal government?
The acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated.
How to define words and terms in a contract?
2.000 Scope of part. 2.101 Definitions. 2
What does ACOR stand for in federal government?
CORs work alongside program managers and contracting officers to monitor contract operation and performance. ACOR is the alternate for the COR. A person designated in writing and authorized by the contracting officer to perform technical and administrative functions in the management of contracts.
What is the legal definition of a federal government?
Legal Definition of federal 1 : of or constituting a form of government in which power is distributed between a central authority and a number of constituent territorial units (as states) a federal government
Is a bank a federal contractor?
Under federal affirmative action laws, many banks are considered federal contractors because they are issuing and paying agents for U.S. savings bonds or they are insured by FDIC. However, as explained below, issuance and payment of U.S.
Who is the largest government contractor in the US?
Lockheed Martin is listed as the largest U.S. government contractor and “ranks third for number of incidents, and twenty-first for size of settlements on the ‘contractor misconduct’ database maintained by the Project on Government Oversight, a Washington, D.C.-based watchdog group.”.
What are federal contractor requirements?
Federal Contractor Requirements Federal contractors are individuals or employers who enter into a contract with the United States (any department or agency) to perform a specific job, supply labor and materials, or for the sale of products and services.
What are federal government contractors?
The term ‘federal contractor’ refers to a person or company that has a prime contract with a contracting agency that is a “department, agency, establishment, or instrumentality in the executive branch of the Government, including any wholly owned Government corporation.” You can learn more about the definition of a federal contractor here.