The formal decision by a buyer or contracting authority to award a contract to the successful supplier following a tender or competitive procurement process. The award is made in accordance with the published evaluation and award criteria, and confirms the supplier selected to provide the required goods, services, or works.
Contract award
The formal decision to award a contract to the successful supplier, made in line with the published evaluation and award criteria.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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