protégé relationships
and small business contracting opportunities. One registration is all that is needed
to make your business available to both opportunities!
PROTEST A statement in writing by any bidder or
offeror on a particular procurement alleging that another bidder or offeror on
such procurement is not a small business concern.
PTACs Procurement Technical Assistance Centers The Defense
Logistics Agency, on behalf of the Secretary of Defense, administers the DoD Procurement Technical Assistance (PTA)
Cooperative Agreement Program. PTA Centers are a local resource available to
provide assistance to business firms in marketing products and services to the Federal,
state and local governments.
QUALIFIED EMPLOYEE TRUSTS LOAN PROGRAM The objective of
this program is to provide financial assistance to Employee Stock Ownership
Plans. The employee trust must be part of a plan sponsored by the employer
company and qualified under regulations set by either the Internal Revenue
Service Code (as an Employee Stock
Ownership Plan or
ESOP) or the Department of Labor (the Employee Retirement Income Security Act
or ERISA). Applicants covered by the ERISA regulations must also secure an exemption
from the Department of Labor regulations prohibiting certain loan transactions.
QUICK RATIO Current assets less inventories divided by
current liabilities. Also called "acid ratio."
RATIO Denotes relationships of items within and between
financial statements, e.g., current ratio, quick ratio, inventory turnover
ratio and debt/net worth ratios.
RECEIVABLE CONVERSION PERIOD RCP Time between the
sale of the final product on credit and cash receipts for the accounts payable.
RECIPROCITYSBA/DOT Certification Reciprocity for
Disadvantaged Businesses The U.S. Small Business Administration (SBA) and the
U.S. Department of Transportation (DOT) signed a memorandum of understanding
that "reciprocally" streamlines the certification process for current
and future 8(a) Business Development, Small Disadvantaged Business (SDB), and
Disadvantaged Business Enterprise (DBE) program participants on Tuesday,
November 23, 1999. In effect, this process will allow each agency to recognize
the program certification of the other without duplicating paperwork. By
streamlining certain procedures and requirements, it will reduce the burden on applicants.
The agreement creates the start of a uniform application process for small disadvantaged
business certification, reinventing the way the government does business with
SDBs.
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