government contract
State procurement deal
A government contract is a formal agreement between a governmental entity and a private company or individual to provide goods or services.
These contracts are subject to specific regulations, competitive bidding requirements, and oversight that don't apply to private agreements: The defense contractor landed a five-year government contract worth $2 billion.
Landing government contracts often requires navigating extensive paperwork and compliance requirements.
- bidOffer to purchase
- procurementObtaining goods externally
- federalDivided governmental authority
- RFPFormal bid solicitation
- proposalFormal plan for consideration
award · cost plus · fixed price · change order · compliance · Pentagon · defense · subcontractor · solicitation · taxpayer · bureaucracy · paperwork · red tape · invoice · deadline · specification · competitive · sole source
- agreementshandshake, nod, accords, verbal consent, agreement
- contractslease, clause, oral, severance package, assent
government contracthandshake deal
Unwritten mutual commitment
verbal agreement · gentleman's agreement · gig work · casual employment
government, contract, govern, governor, governess, governance, governing, governed, governs