What is a contract vehicle definition?

A contract vehicle is a streamlined method the government uses to buy goods and services. Contract vehicles are centrally managed by a federal agency, which reduces acquisition administrative costs and creates time and resource efficiencies. CDC’s most commonly used contract vehicles are described below.

What are the different contract vehicles?

Federal Government Contract Vehicles

• Government-Wide Acquisition Contracts.
• Multiple Agency Contracts.
• General Services Administration Schedules.
• Agency-specific Indefinite Delivery / Indefinite Quantity Contracts.
• Blanket Purchase Agreements.

Is Northrop Grumman federal contractor?

Northrop Grumman Corporation (Northrop) is a Los Angeles County (County) contractor primarily engaged in the business of designing and building military aircraft and weapons systems for the United States government. Northrop did not request a “proof of exemption” from the federal government, nor was one provided.

Does Lockheed Martin own Northrop Grumman?

In April 1994 the company was formed when Northrop Corporation acquired Grumman Corporation. Northrop Grumman then agreed to be acquired by Lockheed Martin in July 1997.

What are best in class contracts?

Best in Class (BIC) means that something has been designated by the Office of Management and Budget (OMB) as a preferred governmentwide solution that: Allows acquisition experts to take advantage of pre-vetted, governmentwide contract solutions.

Is a BPA a contract vehicle?

Summary: A BPA (whether a Part 13 BPA or a SubPart 8.4 BPA) is not a contract because it neither obligates funds not requires placement of any orders against it. However, circumstances may transform a BPA into a binding obligation, that is, an enforceable contract.

What is the difference between a BPA and a contract?

A BPA is an agreement, not a contract; each Call must be funded. On the other hand, an IDIQ is a type of contract in which the exact date of delivery or the exact quantity or a combination of both, is not specified at the time the contract is executed.

How much does Northrop Grumman pay?

What are Top 5 Best Paying Related Northrop Grumman Aerospace Systems Jobs in the U.S.

Who pays more Lockheed Martin or Northrop Grumman?

Of the top 3 common jobs between the two companies, Lockheed Martin salaries averaged $2,687 higher than Northrop Grumman.