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Office of Management and Budget (OMB)

A major office within the Executive Branch of the U.S. government that assists the President in preparing the federal budget and oversees the management and performance of federal agencies.

Procurement Management Practices

The methods and procedures that federal agencies use to plan, solicit, award, and manage contracts for goods and services.

Lowest Price Technically Acceptable (LPTA) Source Selection Process

A federal contracting method where the government awards a contract to the bidder who offers the lowest price, provided their proposal meets all the minimum technical requirements outlined in the contract. It prioritizes cost once basic standards are met.

Federal Acquisition Regulation (FAR)

The primary set of rules governing how the U.S. government buys goods and services. It provides uniform policies and procedures for federal agencies to follow.

National Security Risk

Any threat or vulnerability that could endanger the defense, foreign relations, intelligence, or economic well-being of the United States.

Defense and Civilian Agencies

Refers to all departments and agencies within the U.S. federal government, including those related to military and national defense, as well as non-military governmental bodies.