Pharmaceutical Pricing Agreement. Current, published (dated or otherwise identified) commercial descriptive catalog and/or price lists from which discounts are offered. To be considered fair, a price must be in line with the fair market value of the contract deliverables and/or the total allowable cost of providing the deliverable that would have been incurred by a well managed, responsible firm using reasonably efficient and economical methods of performance, plus a reasonable profit. (NOTE:  This definition does not apply to Medicaid Rebate statute.).

An order for services placed against an established contract or with Government sources. Quantity limits may be stated as number of units or as dollar values. $3,000 except for acquisitions subject to the Service Contract Act the threshold is $2,500. It is based on calculations provide by.

An acquisition structured around the results to be achieved as opposed to the manner by which the work is to be performed. Postal codes: USA: 81657, Canada: T5A 0A7, Your abbreviation search returned 11 meanings, Note: We have 11 other definitions for LOU in our Acronym Attic, Search for LOU in Online Dictionary Encyclopedia, The Acronym Finder is A legal instrument executed by 1) the contractor (transferor), 2) Successor in interest (transfree), and 3) the Government. The TIN may be either a Social Security Number or an Employer Identification Number. This relationship shall be maintained throughout the contract period. Tracking Customer. List of 37 LOU definitions. To access the combo box on this page please perform the following steps. Qué significa LOU en el texto En resumen, LOU es una palabra de acrónimo o abreviatura que se define en un lenguaje sencillo. A term or condition used only in solicitations and applying only before contract award. 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. We know 36 definitions for LOU abbreviation or acronym in 7 categories.

Price Negotiation Memorandum. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, Lyon Olympique Universitaire (French rugby team). A brand name item, whether available on one or more Schedule contracts, is an item peculiar to one manufacturer. There is a widely accepted provision of bank guarantees known as a letter of undertaking (LOU) under which a bank can allow its customer to raise money from another Indian bank's foreign branch in the form of a short term credit.

If the price is a combination of various discounts/concessions (prompt payment, quantity, etc. An executive department, a military department, or any independent establishment within the meaning of 5 USC 101, 102, and 104(1) respectively, and any wholly owned Government corporation within the meaning of 31 USC 9101.

Multiple Award Schedule contracts are the primary vehicle for Federal agencies to acquire commercial items. The term includes any entity which does business with the supplier. Blanket Purchase Agreement. For verified definitions visit AcronymFinder.com showing only Slang/Internet Slang definitions (show all 11 definitions). (represented by the acronym W.I.N.) A contractor’s bill or written request for payment under the contract for supplies delivered or services performed. Top LOU abbreviation meanings updated September 2020

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.

Any entity, except the Federal Government that acquires supplies or services from the Offeror. 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. 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.”. ,random VA is not responsible for the privacy practices or the content of non-VA websites. Word(s) in meaning: chat  What does LOU stand for in Contract?

See also “bundling.”. 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 tracking ratio represents the relationship between the awarded FSS price and tracking customer price.

What does LOU stand for in Medical? Printer friendly. Eligible ordering activities are authorized to place task/delivery orders or establish Blanket Purchase Agreement against VA FSS contracts. C; Acronym Description; Catalog Price: 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. Any executive agency or any independent establishment in the legislative or judicial branch of the Government, except the Senate, House of Representatives, and the Architect of the Capitol.

To access the menus on this page please perform the following steps. An offeror’s or contractor’s performance on active and physically completed contracts. Top LOU abbreviation related to Agreement: Letter of Understanding What does LOU stand for in Business? Free on Board. Electronic Data Interchange. A response to a solicitation that, if accepted, binds the offeror to perform the resultant contract. new search; suggest new definition; Search for LOU in … 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. The purpose of the income statement is to show interested parties whether the company made or lost money during the reported period. An activity that is authorized to place orders or establish Blanket Purchase Agreements against a VA FSS contract.

Any request to submit offers or quotations to the Government; or a document containing special clauses and provisions that have been identified as essential for the acquisition of a specific type of supply or service that is acquired repetitively. For LOU we have found 36 definitions. ................................ Advertisement ................................ © COPYRIGHT NDTV CONVERGENCE LIMITED 2020. The PPA is the manufacturer’s agreement to honor the calculated Federal Ceiling Price. The seller or consignor places the goods on the conveyance. ... Over 3 million unverified definitions of abbreviations and acronyms in Acronym Attic. Changes to the tracking customer price that disturb the tracking ratio must be reported to the Government within 15 calendar days of the change. What does LOU stand for in Medical? 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. Contract LOU abbreviation meaning defined here. 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. What does LOU stand for? Any written change in the terms of a contract. Possible LOU meaning as an acronym, abbreviation, shorthand or slang term vary from category to category. Purchase Order.

If you are in crisis or having thoughts of suicide, This will take you to the page listed. An internal Government form where the contracting officer documents significant facts or considerations controlling the establishment of its negotiation objectives, the negotiated agreement, and an explanation of any significant differences between the two positions. 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. 'Louis' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 3. The expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement. To be considered reasonable, a price must be one that a prudent and competent buyer would be willing to pay.

LOU is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary General definitions are provided for reference only. A document requested by the Government and provided by the offeror, upon conclusion of negotiations, containing the offeror’s final revisions to its proposal.— If accepted by the Government contracting officer, it documents the terms and conditions used to award the FSS contract. An institution determined by the Secretary of Education to meet requirements of 34 CFR 608.2. Please look for them carefully. An agreement to purchase a certain volume of items over a defined period of time. 1-800-273-8255 (Press 1), U.S. Department of Veterans Affairs | 810 Vermont Avenue, NW Washington DC 20420. An indefinite delivery contract is used to acquire supplies and/or services when the exact times of future deliveries are not known at the time of contract award. Before award of a contract, the Contracting Officer and the Offeror will agree upon (1) the customer (or category of customers) which will be the basis of award, and (2) the Government’s price or discount relationship to the identified customer (or category of customers). In MAS contracting, the Government’s negotiation objectives are developed based on a comparison of the MFC arrangement.

An item that performs the same basic function as the specified item.

"global warming" Delivery Order.

Tweet. Top LOU abbreviation related to Contract: Letter of Understanding Examining and testing supplies or services to determine whether they conform to contract requirements. A statement of work must be clear, precise, complete, concise, and include:  the work to be performed, location of work, period of performance, deliverable schedule, applicable performance standards, and any other special requirements such as security clearances, travel, or special knowledge; etc.

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.

Additional acronyms are available via the Acronym Finder.

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