GovCon Glossary
Plain-English definitions for the acronyms and terms capture, proposal, and BD teams run into every day.
7 terms
P
Past Performance
A source-selection evaluation factor that examines how well an offeror executed relevant prior contracts (quality, schedule, cost control, and management effectiveness), typically documented through CPARS records, references, and questionnaires. In many best-value competitions it carries weight comparable to technical approach or price.
Price-to-Win
PTWA pricing analysis that estimates what price is needed to win a specific competitive procurement (based on competitor cost structures, historical awards, and the customer's budget), then works backward into a bid strategy and cost model that hits that price while staying profitable. PTW produces a pricing strategy, not a likelihood of winning.
Probability of Win
PWinA pursuit team's estimated percentage likelihood of winning a specific competitive opportunity, based on factors like incumbency, customer relationships, technical solution strength, teaming, and competitive positioning. PWin is reassessed at bid/no-bid gates to guide resourcing decisions, and is distinct from price-to-win, which sets a bid price rather than measuring how likely that bid is to win.
T
Technical Data Package
TDPThe complete set of technical documentation (drawings, specifications, models, parts lists, and standards) that fully describes an item's design well enough to build, test, maintain, or re-procure it. The completeness of a TDP and the data rights attached to it directly shape whether the government can compete future production or sustainment work.
Technical Interchange Review
TIRA working-level meeting between government and contractor technical staff held to exchange information and resolve open technical issues or design questions outside the formal milestone review structure. TIRs are typically informal and frequent, focused on solving specific problems rather than making contractual or program-level decisions.

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