A historically underutilized business zone in an area located within one or more qualified census tracts, nonmetropolitan counties, or lands within the external boundaries of an Indian reservation. But in Nirav Modi's case, neither was there a credit limit, nor did he ever give any margin money, reported Reuters.
A promise or affirmation given by a contractor to the Government regarding the nature, usefulness, or condition of the supplies or performance of services furnished under the contract. Exchanges between the government and offerors that are undertaken with the intent of allowing the offeror to revise its proposal. A.

A BPA is a simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts” with qualified sources of supplies. This page may include links to other websites outside our control and jurisdiction. 48 contiguous States and the District of Columbia. The maximum order threshold represents the point where, given the dollar value of the potential order, the ordering activity shall seek a price reduction. 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. Unless the contract provides otherwise, the seller or consignor is responsible for the cost of shipping and risk of loss. Additional acronyms related to drugs and pharmaceuticals are available via the Drugs@FDA Glossary of Terms. We know 36 definitions for LOU abbreviation or acronym in 7 categories. A company’s financial statement that indicates how the revenue is transformed into the net income; it displays the revenues recognized for a specific period (typically 12 months) and the cost and expenses charged against these revenues. Multiple Award Schedule contracts are the primary vehicle for Federal agencies to acquire commercial items. 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.) A 9-digit number assigned by Dun and Bradstreet, Inc. to identify unique business entities, which is used as the identification number for Federal contractors. Innovator, single source/multiple sourced drugs marketed under a New Drug Approval (NDA) from FDA (including “authorized generics”) and biologics marketed under a BLA. The purpose of selecting a tracking customer and a establishing a tracking ratio is to ensure that prices remain fair and reasonable throughout the life of the contract. A waiver from the requirement to use the FSS program based on clinical need should normally be for specific exceptions, such as a specific need of an individual patient or group of patients, employees with special needs or allergies, etc. DISCLAIMER:  This listing pertains to commonly used words and phrases associated with the VA Federal Supply Schedule Program and is not inclusive of every word or phrase within this program. Examples: NFL, NASA, PSP, HIPAA. As mentioned earlier, the money is transferred by AB to supplier of PNB's customer via a nostro account that PNB holds in AB in abroad. Acronym Definition; LOU: Louisville (Kentucky): LOU: Hello You (email slang): LOU: Letter of Understanding: LOU: Ley Orgánica de Universidades: LOU: Lyon Olympique Universitaire (French rugby team): LOU: Letter of Undertaking The number required by the Internal Revenue Service to be used by the offeror in reporting income tax and other returns. 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. Agreement LOU abbreviation meaning defined here.
Price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which deals are currently, or were last, made to a significant number of buyers constituting the general public. To access the menus on this page please perform the following steps. We know 36 definitions for … Top LOU abbreviation related to Agreement: Letter of Understanding

Most Favored Customer. Press enter on the item you wish to view. Electronic Data Interchange. visit VeteransCrisisLine.net for more resources. Concessions include, but are not limited to freight allowance, extended warranty, extended price, guarantees, free installation, and bonus goods. Veterans Crisis Line: Additional acronyms related to drugs and pharmaceuticals are available via the, Electronic Submission of Offers/Proposals, After Hours Emergency Contracting Support, Office of Construction and Facilities Management, A Federal program that provides employment opportunities for people who are blind or have other severe disabilities. An order for services placed against an established contract or with Government sources. We encourage you to review the privacy policy or terms and conditions of those sites to fully understand what information is collected and how it is used. The MA is an evergreen document that outlines the responsibilities of both parties, identifies penalties for non-conformance and provides for dispute resolution. LOU stands for Letters of Undertaking. Please look for them carefully. In the Nirav Modi-Mehil Choksi case, the term of loan was allegedly extended far beyond what is prescribed as per the rule book.

This page is a comprehensive listing of VA FSS and Government acquisition related acronyms and definitions. The process of collecting and analyzing information about the capabilities within the commercial market to satisfy agency needs. Looking for the definition of LOU? Eligible ordering activities are authorized to place task/delivery orders or establish Blanket Purchase Agreement against VA FSS contracts.

), each type of discount/concessions should be fully identified and explained. Indefinite Quantity contracts provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period. while reading the book Winning Every Day by the famous college football coach Lou Holtz.

© 1988-2020, For verified definitions visit AcronymFinder.com This term is used in conjunction with a physical point to determine:  1) the responsibility and basis for payment of freight charges, and 2) the point where the title for goods passes to the buyer or consignee. Measures the degree to which current assets cover current liabilities. What does LOU stand for? Updated July 2020. An acquisition structured around the results to be achieved as opposed to the manner by which the work is to be performed. Any entity, except the Federal Government that acquires supplies or services from the Offeror. Medical LOU abbreviation meaning defined here. If the price is a combination of various discounts/concessions (prompt payment, quantity, etc.

Word(s) in meaning: chat  Item for sale that is not available for purchase from a Government contract vehicle (FSS, BPA, GWAC, etc.). A reduction to catalog prices (published or unpublished). This will take you to the page listed.


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