GovCon Basics: Common Procurement Methods and Terminology

The acronyms and terminology used in federal government contracting can be a labyrinth–one sadly devoid of David Bowie. In this post, I’ll clarify some of the common methods used for government procurements, the regulations defining them, and the terminology associated with them.

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Late Bid Revision Costs Bidder The Award

When a bidder submits a bid under a sealed bid procurement, it is responsible for ensuring that the bid is timely submitted. But what happens if a bidder wants to revise a bid that’s already been submitted?

As a recent GAO case shows, even a revised bid must be timely submitted in order for it to be considered. If a bidder tries to revise its bid too late in the process, it might end up costing itself the award.

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