Abacus Contract Management Definitions"Labor advisor," as used in this part, means the departmental or
agency headquarters labor advisor. "Labor cost at standard" means a preestablished measure of the
labor element of cost, computed by multiplying labor-rate standard by labor-time standard. "Labor-hour contract" is a variation of the time-and-materials contract, differing only in that materials are not supplied by the contractor. See 16.601(b) and 16.601(c) for application and limitations, respectively. "Labor index" means the average straight time hourly earnings of the Contractor's employees in the ____________ shop of the Contractor's ________________ plant (see Note 4) for any particular month. "Labor market" means a place where individuals exchange their labor for compensation. Labor markets are identified and defined by a combination of the following factors-- "Labor organization" means any organization of any kind in which employees participate and which exists for the purpose, in whole or in part, of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours, or other terms or conditions of employment. "Labor-rate standard" means a preestablished measure, expressed
in monetary terms, of the price of labor. "Labor surplus area" means a geographical area identified by the
Department of Labor in accordance with 20 CFR part 654, subpart A, as an area of concentrated unemployment or underemployment or an area of labor surplus. "Labor surplus area concern" means a concern that together with its first-tier subcontractors will perform substantially in labor surplus areas. Performance is substantially in labor surplus areas if the costs incurred under the contract on account of manufacturing, production, or performance of appropriate services in labor surplus areas exceed 50 percent of the contract
price. "Labor-time standard" means a preestablished measure, expressed
in temporal terms, of the quantity of labor. "Laborers or mechanics" includes-- "Landing areas" means- "Last-Offer Arbitration." See "Baseball." "Latent defect" means a defect that exists at the time of acceptance but cannot be discovered by a reasonable inspection. "Leader company contracting" is an extraordinary acquisition technique that is limited to special circumstances and utilized only when its
use is in accordance with agency procedures. A developer or sole producer of a
product or system is designated under this acquisition technique to be the
leader company, and to furnish assistance and know-how under an approved
contract to one or more designated follower companies, so they can become a
source of supply. The objectives of this technique are one or more of the
following: "Leasing" means the acquisition of motor vehicles, other than by purchase from private or commercial sources, and includes the synonyms "hire" and "rent." "Legal proceedings" means any civil judicial proceeding to which
the Government is a party or any criminal proceeding. The term includes appeals from such proceedings. "Letter contract" is a written preliminary contractual instrument
that authorizes the contractor to begin immediately manufacturing supplies or performing services. "Life-cycle cost" means the total cost to the Government of acquiring, operating, supporting, and (if applicable) disposing of the items being acquired. "Life cycle cost," as used in this clause, is the sum of all
costs over the useful life of a building, system or product. It includes the cost of design, construction, acquisition, operation, maintenance, and salvage (resale) value, if any. "Limited rights" means the rights to use, modify, reproduce,
release, perform, display, or disclose technical data, in whole or in part,
within the Government. The Government may not, without the written permission
of the party asserting limited rights, release or disclose the technical data
outside the Government, use the technical data for manufacture, or authorize the
technical data to be used by another party, except that the Government may
reproduce, release or disclose such data or authorize the use or reproduction of
the data by persons outside the Government if reproduction, release, disclosure,
or use is- "Limited rights" means the rights of the Government in limited
rights data, as set forth in a Limited Rights Notice if included in a data
rights clause of the contract. "Limited rights data" means data, other than computer software,
that embody trade secrets or are commercial or financial and confidential or
privileged, to the extent that such data pertain to items, components, or
processes developed at private expense, including minor modifications thereof.
(Agencies may, however, adopt the following alternate definition: "Limited
rights data" means data developed at private expense that embody trade secrets
or are commercial or financial and confidential or privileged (see 27.404(c)). "Line item" means an item of supply or service, specified in an
invitation for bids, for which the bidder must bid a separate price. "Line item," as used in this subpart, means a single line entry on a reporting form that indicates a quantity of property having the same description and condition code from any one contract at any one reporting location. "List of Parties Excluded from Federal Procurement and Nonprocurement Programs" means a list compiled, maintained, and distributed by the General Services Administration containing the names and other information about parties debarred, suspended, or voluntarily excluded under the Nonprocurement Common Rule or the Federal Acquisition Regulation, parties who have been proposed for debarment under the Federal Acquisition Regulation, and parties determined to be ineligible. "List of Products Requiring Contractor Certification as to Forced or Indentured Child Labor" means the list published by the Department of Labor in accordance with E.O. 13126 of June 12, 1999, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor. The list identifies products, by their country of origin, that the Departments of Labor, Treasury, and State have a reasonable basis to believe might have been mined, produced, or manufactured by forced or indentured child labor. "Loan guarantees" are made by Federal Reserve banks, on behalf of designated guaranteeing agencies, to enable contractors to obtain financing from private sources under contracts for the acquisition of supplies or services for the national defense. "Local government," as used in this section, means a unit of government in a State and, if chartered, established, or otherwise recognized by a State for the performance of a governmental duty, including a local public authority, a special district, an intrastate district, a council of governments, a sponsor group representative organization, and any other instrumentality of a local government. "Local taxes," as used in the Federal, State, and local taxes clause of this contract, includes taxes imposed by an outlying area of the United States. Need a definition? Clarification? Suggest a new term or definition? |