Research and Development
Work funded by government or industry to generate new knowledge, technology, or capability and mature it toward practical use, spanning basic research through prototyping and experimentation. Because outcomes are uncertain, R&D is often contracted differently than production work, for example through cost-reimbursement contracts or Other Transaction Agreements.
Related terms
Bill of Materials
BOMA structured list of every part, component, sub-assembly, and raw material required to build or deliver a product, including quantities, specifications, and often suppliers. In GovCon proposals, an accurate BOM underpins cost estimates, supply chain planning, and the credibility of a technical solution.
Independent Verification and Validation
IV&VAn assessment of a system, software, or product performed by an organization independent of its developer, confirming both that it was built correctly against its requirements (verification) and that it actually meets the user's real need (validation). Federal programs often mandate IV&V on complex, safety-critical, or high-risk IT and weapons systems.
Initial Operational Capability
IOCThe point at which a newly fielded system, in its minimum useful configuration, has been delivered in sufficient quantity with trained operators and support in place to be operationally employed. IOC marks the transition from development and testing into initial real-world use, ahead of full-rate production or Full Operational Capability.
Integrated Product Team
IPTA cross-functional team of government and/or contractor personnel, spanning engineering, contracts, logistics, test, and other disciplines, formed to jointly manage a program, product, or process throughout its lifecycle. IPTs are meant to surface issues early and keep requirements, schedule, cost, and risk decisions aligned across stakeholders.
Original Equipment Manufacturer
OEMThe company that designs and manufactures a product or component, as distinct from a reseller, distributor, or systems integrator that incorporates it. In GovCon, OEM status can affect sole-source justifications, warranty and sustainment terms, and eligibility for OEM-specific teaming or set-aside requirements.
