ORDINARY INTEREST Simple interest based on a year of 360 days,
contrasting with exact interest having a base year of 365 days.
OSDBU See Office of Small & Disadvantaged Business
Utilization.
OSHA (OCCUPATIONAL SAFETY & HEALTH ACT) To assure safe and
healthful working conditions for working men and women; by authorizing
enforcement of the standards developed under the Act; by assisting and
encouraging the States in their efforts to assure safe and healthful working
conditions; by providing for research, information, education, and training in
the field of occupational safety and health; and for other purposes.
OUTLAYS Net disbursements (cash payments in excess
of cash receipts) for administrative expenses and for loans and related costs
and expenses (e.g., gross disbursements for loans and expenses minus loan
repayments, interest and fee income collected, and reimbursements received for
services performed for other agencies).
PARTNERING A mutually beneficial business-to-business
relationship based on trust and commitment and that enhances the capabilities
of both parties.
PARTNERSHIP A legal relationship existing between two or
more persons contractually associated as joint principals in a business.
PATENT A patent secures to an inventor the exclusive
right to make, use and sell an invention for 17 years. Inventors should contact
the U.S. Department of Commerce Patent Office.
PAY TABLES Government Choose More... for the latest OPM
tables.
PAYMENT BOND A type of surety bond wherein the surety
company guarantees payment from the contractor to parties who furnish labor,
materials, equipment and supplies for a contract.
PCRs Procurement Center Representatives SBA's Procurement
Center Representatives (PCRs) (Word 97) or (PDF), located in area offices,
review and evaluate the small business programs of federal agencies and assist
small businesses in obtaining federal contracts and subcontracts. Choosing
More... will take you to a PDF listing. Or you may go to Word 97 listing at
http://www.sba.gov/gc/pcr.doc
PDF Portable Document Format Many Government agencies
now present information in
PERFORMANCE BOND A type of surety bond where the surety
company guarantees the contractor will fulfill the contract in accordance with
its terms.
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