Many companies focus primarily on short-term profit, which is without a doubt a vital matter. Still, in these companies’ attempt to increase profits, they turn to a form of financing, which is debt, which puts the company’s financial solvency at risk. To understand solvency, we first need to understand assets and liabilities. There are many… Continue reading Solvency Certificate Meaning
Author: SEC
Trademark Serial Number 85186497
The trademark is one of the most critical components based on which the public identifies a commodity. The trademark represents the company’s face, the logo, or the link that connects the audience with the company. A company is often referred to by its branding, as they become two sides of the same coin. Their companies’… Continue reading Trademark Serial Number 85186497
“Government Official” Meaning
“Government Official” Meaning A government official is defined as an official who has held a civil office in government with or without being elected. This includes both people who have been appointed to serve or are part of civil service. The term includes any elected or appointed government official (e.g., a member of a ministry… Continue reading “Government Official” Meaning
What is an FRN?
What is an FRN? When you register your information in the FCC’s Commission Registration System and are immediately issued an FCC Registration Number (FRN) and password, The FRN is a unique identifying number that may be initially obtained over the Internet through the Commission Registration System (CORES). This ten-digit number is assigned to a company… Continue reading What is an FRN?
Net Revenue Definition
Net Revenue Definition Usually, net revenue is the last number on the profit and loss statement, which is the line that provides business owners with important information about how much money is left after paying the company’s expenses. Therefore, it is a critical measure of business profitability. Net revenue can also be called net income,… Continue reading Net Revenue Definition
Confidential Information Definition
Confidential Information Definition Confidential information is any material, non-public or business-related information. It is confidential or private information in any way in an agreement between two or more parties, and the first party is (“the disclosing party”). The other party (s) is / they (“the receiving party”) the first party or his representative disclose this… Continue reading Confidential Information Definition
Time-And-Materials Contract
Time-And-Materials Contract: A contract that provides for acquiring supplies or services on the basis of direct labor hours, at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit; and materials at cost, including, if appropriate, material handling costs as part of material costs. A time-and-materials contract may be used only… Continue reading Time-And-Materials Contract
Task Order Contracting Officer’s Representative (TO COR)
Task Order Contracting Officer’s Representative (TO COR): TO COR is responsible for the task order activities involving initiating, awarding, administering, and closing out task orders. They will track and guide task order performance over the life of the task order.
Task Order (TO)
Task Order (TO): An order for services placed against an established contract or with Government sources. In the case of the ProTech acquisition, TOs are orders for services placed against contracts awarded under the ProTech solicitation.
Statement Of Work (SOW)
Statement Of Work (SOW): A type of work statement that describes the need for the goods or services, the scope of work to be performed, applicable documents, specific tasks, deliverables and delivery schedule, Government-furnished property and information, place and period of performance, and security requirements.