Cost-Plus-Incentive-Fee Contract: A cost-reimbursement contract that provides for an initially-negotiated fee to be adjusted by a formula based on the relationship of total allowable costs to total target costs.
Author: SEC
Contractor Performance Assessment Reporting System (CPARS)
Contractor Performance Assessment Reporting System (CPARS): The Department of Defense (DOD) Enterprise Solution for collection of contractor past performance information and a web-enabled application that collects and manages the library of automated records of contractor’s performance on Government contracts.
Blanket Purchase Agreement (BPA)
Blanket Purchase Agreement (BPA): A simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts” with qualified sources of supply.
Best Value
Best Value: The expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement. It involves the analysis of technical and cost proposals to determine which proposal offers the best trade-off between price/cost and performance, where quality is considered an integral performance factor.
Acceptable Quality Level (AQL)
Acceptable Quality Level (AQL): Established as part of a Quality Assurance Surveillance Plan. They must be realistic, stating the minimum standard, percentage of errors allowed, cost trade-offs, etc.
Automatic Tray Unsleever – USPS Definition
Automatic Tray Unsleever (ATU) A self-contained unit similar in size to the Automatic Tray Sleever that receives letter trays from an upstream conveyor and removes the tray strapping and the sleeve around the tray. Empty sleeves are moved to a storage container for reuse.
Automatic Tray Sleever – USPS Definition
Automatic Tray Sleever (ATS) A self-contained unit with 10 detachable sleeve carts that places sleeves over trays of letters to retain letters in the trays. The carts control the sleeve stack, and can be loaded in the trayopening area of a postal facility.
Automatic Tray Handling System – USPS Definition
Automatic Tray Handling System (ATHS) An enhancement to the Automated Flats Sorting Machine 100 (AFSM 100) that improves productivity by automatically exchanging full mail trays with empty ones, applying tray labels to the replacement trays, sweeping the AFSM 100 full trays after operation, and reloading empty trays.
Automatic Teller Machine Sheetlet – USPS Definition
Automatic Teller Machine Sheetlet (ATM Sheetlet) A pane of self-adhesive stamps on a liner (backing) that is the same size as U.S. currency and can be dispensed from automatic teller machines.
Automatic Induction – USPS Definition
Automatic Induction (AI) A system on the Automated Flats Sorting Machine (AFSM) 100 that automates the preparation and feeding of flats and includes a container dumper, four prep stations, vertical lifts, and conveyors linking the dumping, prep, and individual feed stations.