Reference

GovCon Glossary

Plain-English definitions for the acronyms and terms capture, proposal, and BD teams run into every day.

35 terms

C

Commercial Off-The-Shelf

COTS
Contracts

Commercial Off-The-Shelf describes a commercial product sold in substantial quantities in the open market and offered to the government in the same unmodified form ordinary buyers get. COTS items receive lighter-touch treatment under the FAR's commercial item rules, since the government is buying something already proven and priced by the marketplace rather than a custom build.

Contract Data Requirements List

CDRL
Contracts

A Contract Data Requirements List is the contract exhibit, built on DD Form 1423, that spells out every data deliverable a contractor owes the government under a defense contract (reports, drawings, manuals, and the like), along with format, frequency, and distribution instructions. Each CDRL line item points to a Data Item Description defining exactly what that deliverable must contain.

Contract Line Item Number

CLIN
Contracts

A Contract Line Item Number is the unique numeric identifier assigned to each distinct item, service, or effort priced and tracked separately within a contract. CLINs let contracting officers and contractors break a single award into billable, fundable, reportable pieces, separating base work from options, labor from travel, or one deliverable from another.

Cost Accounting Standards

CAS
Contracts

Cost Accounting Standards are the 19 federal rules governing how contractors measure, assign, and allocate costs to government contracts, meant to keep cost accounting consistent across the industry. Contractors that cross certain contract-value thresholds must formally disclose their cost accounting practices and apply them consistently, and CAS noncompliance can trigger price adjustments or penalties.

Cost-Plus-Fixed-Fee

CPFF
Contracts

A Cost-Plus-Fixed-Fee contract reimburses the contractor for all allowable incurred costs and pays a fee that's fixed at award and doesn't change with actual cost performance, except for scope changes. It suits research, development, or services where requirements are too uncertain to price on a fixed basis, but gives the contractor little built-in incentive to control costs.

Cost-Plus-Incentive-Fee

CPIF
Contracts

A Cost-Plus-Incentive-Fee contract reimburses allowable costs and pays a fee that moves up or down from a negotiated target based on how actual costs compare to that target, within a set minimum and maximum. The sliding fee formula is meant to motivate the contractor to manage costs efficiently on cost-reimbursement work where a firm price isn't feasible.

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