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Office of Management and Budget (OMB)

A federal agency that helps the President prepare the federal budget and oversees how executive branch agencies use their funds and manage their programs.

Lowest Price Technically Acceptable (LPTA)

A method used by the government to award contracts where they choose the bidder that offers the lowest price, provided their proposal meets all the minimum technical requirements.

Source Selection Process

The official method or procedures used by federal agencies to evaluate proposals from companies and choose a contractor for a government project or purchase.

Federal Acquisition Regulation (FAR)

The primary set of rules and guidelines that govern how the United States government buys goods and services.

Defense and Civilian Agency

Refers to virtually all departments and agencies within the executive branch of the U.S. federal government, including those related to national defense and non-military functions.

National Security Risk

Any potential threat or vulnerability that could endanger the safety, defense, economic well-being, or foreign policy interests of the United States.