,random Top LOU abbreviation related to Contract: Letter of Understanding Attention A T users. The manufacturer’s signature of the MA and Pharmaceutical Pricing Agreement (PPA) indicates they will comply with the law and provide covered drugs to the Federal Supply Schedule at a price no higher than the calculated Federal Ceiling Price. An arrangement between two (2) or more Schedule contractors to work together to meet agency requirements. A legal instrument executed by the contractor and the Government that recognizes the legal change of name of the contractor without disturbing the original contractual rights and obligations of the parties. An acquisition structured around the results to be achieved as opposed to the manner by which the work is to be performed. Medical LOU abbreviation meaning defined here. Office of Accountability & Whistleblower Protection, Training - Exposure - Experience (TEE) Tournament, Benefit & Claim Status (Registration Required), Beneficiary Enrollment Form 24-0296 (PDF), Veterans Retraining Assistance Program (VRAP), Web Automated Verification of Enrollment (W.A.V.E.) The process of examining and evaluating an offered price without evaluating its separate cost elements and proposed profit. For the Department of Defense, the National Aeronautics and Space Administration, and the Coast Guard, the term also includes any nonprofit research institution that was an integral part of such a college or university before November 14, 1986. Termination of part, but not all, of the work that has not been completed and accepted under an awarded Schedule contract or contract action. 3. A technique for electronically transferring and storing formatted information between computers utilizing established and published formats and codes, as authorized by the applicable Federal Information Processing Standards. Measures the degree to which current assets cover current liabilities. Contiguous United States. Any entity, except the Federal Government that acquires supplies or services from the Offeror. The tracking ratio represents the relationship between the awarded FSS price and tracking customer price. Contract LOU abbreviation meaning defined here. Item for sale that is not available for purchase from a Government contract vehicle (FSS, BPA, GWAC, etc.). Acronym Finder, All Rights Reserved. But in Nirav Modi's case, neither was there a credit limit, nor did he ever give any margin money, reported Reuters. Innovator, single source/multiple sourced drugs marketed under a New Drug Approval (NDA) from FDA (including “authorized generics”) and biologics marketed under a BLA. Discounts include, but are not limited to rebates, quantity discounts, purchase option credits, and any other terms or conditions other than concessions, which reduce the amount of money a customer ultimately pays for goods or services ordered or received. 1. Eligible ordering activities are authorized to place task/delivery orders or establish Blanket Purchase Agreement against VA FSS contracts. What does LOU stand for? Examples: NFL, NASA, PSP, HIPAA. The process of collecting and analyzing information about the capabilities within the commercial market to satisfy agency needs. The transferor guarantees performance of the contract; the transferee assumes all obligations under the contract; and the Government recognizes the transfer of the contract and related assets. A balance sheet is often described as a “snapshot of a company’s financial condition.”, The lowest net price at which an Offeror sells to its most favored customer or category of customers without regard to quantity, terms and conditions of the agreements, location, and whether the agreements are written or oral. PSP, HIPAA C. Once the letter of credit is acknowledged and accepted, the lender (foreign branch of Indian bank) transfers money to the nostro account of the bank that has issued the LoU. What does LOU stand for in Business? Use the up and down arrows to navigate this combo box. Any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, that is initiated through an electronic terminal, telephone, computer, or magnetic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. The PPA is the manufacturer’s agreement to honor the calculated Federal Ceiling Price. If the price is a combination of various discounts/concessions (prompt payment, quantity, etc. A limited sources order occurs when an ordering activity restricts consideration of Schedule contractors to fewer than required under the applicable ordering procedures or restricts the order to an item particular to one manufacturer regardless if the item is available from one or more Schedule contractors. Consolidating two or more requirements for supplies or services, previously provided or performed under separate smaller contracts, into a solicitation for a single contract that is likely to be unsuitable for award to small business concerns. 'Louis' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. What does LOU stand for in Medical? An offer by the Government to buy supplies or services. To enter and activate the submenu links, hit the down arrow. Find. See also “bundling.”. Price Negotiation Memorandum. A benefit, enhancement, or privilege (other than a discount), which either reduces the overall cost of a customer’s acquisition or encourages a customer to consummate purchase. To access the combo box on this page please perform the following steps. Statement of Work. Press the alt key and then the down arrow. Printer friendly. The expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement. Action taken by a debarring official under FAR 9.406 to exclude a contractor from Government contracting and Government-approved subcontracting for a reasonable, specified period; a contractor that is excluded is “debarred.”. Performance Based Acquisition. "global warming" LOU is defined as Letters of Undertaking rarely. Business LOU abbreviation meaning defined here. Word(s) in meaning: chat  The process used to ensure that a proposed contract conforms to the applicable laws and regulations, and established policies and procedures. A BPA is a simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts” with qualified sources of supplies. A term or condition used only in solicitations and applying only before contract award. "global warming" An item that performs the same basic function as the specified item. NASA, The exercise of the Government’s right to completely or partially terminate performance of work under a contract when it is in the Government’s best interest. visit VeteransCrisisLine.net for more resources. Examining and testing supplies or services to determine whether they conform to contract requirements. A small business concern in which: 1) not less than 51% is owned by one or more service-disabled veterans, or in the case of any publicly owned business, not less than 51% of the stock is owned by one or more service-disabled veterans (or eligible surviving spouse); and 2) the management and daily business operations are controlled by one or more service-disabled veterans (or eligible surviving spouse), or in the case of a service-disabled veteran with a permanent and severe disability, the spouse or permanent caregiver of such veteran. (represented by the acronym W.I.N.) Delivery Order. 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