Abacus Contract Management Definitions"MAC." See "Multi-Agency Contract" or "Multiple Award Contract." "Made" when used in relation to any invention, means the conception or first actual reduction to practice of such invention. "Maintain" means maintain, collect, use, or disseminate. "Major contractor" means any contractor whose covered segments
allocated a total of more than $11,000,000 in IR&D/B&P costs to covered
contracts during the preceding fiscal year. For purposes of calculating the
dollar threshold amounts to determine whether a contractor meets the definition
of "major contractor," do not include contractor segments allocating less than
$1,100,000 of IR&D/B&P costs to covered contracts during the preceding fiscal
year. "Major defense program" means a program that is carried out to
produce or acquire a major system (as defined in 10
U.S.C. 2302(5)) (see also DoD 5000.2-R, Mandatory Procedures for Major
Defense Acquisition Programs (MDAPs) and Major Automated Information System
(MAIS) Acquisition Programs. "Major helium requirement" means a helium requirement during a calendar month of 5,000 or more standard cubic feet (measured at 14.7 pounds per
square inch absolute pressure and 70 degrees Fahrenheit temperature), including
liquid helium gaseous equivalent. In any month in which the major requirement
threshold is met, all helium purchased during that month is considered part of
the major helium requirement. "Major nonconformance" is a nonconformance, other than critical, that is likely to result in failure, or to materially reduce the usability of the supplies or services for their intended purpose. "Major nonconformance" means a nonconformance, other than critical, that is likely to result in failure of the supplies or services, or to
materially reduce the usability of the supplies or services for their intended purpose. "Major system" means that combination of elements that will
function together to produce the capabilities required to fulfill a mission
need. The elements may include hardware, equipment, software, or any
combination thereof, but exclude construction or other improvements to real
property. A system is a major system if-- "Make item," as used in this subsection, means an item or work
effort to be produced or performed by the prime contractor or its affiliates,
subsidiaries, or divisions. "Make-or-buy program" means that part of a contractor's written
plan for a contract identifying those major items to be produced or work efforts to be performed in the prime contractor's facilities and those to be subcontracted. "Management and operating contract" means an agreement under which the [Department of Energy and any other agency having requisite statutory
authority] contracts for the operation, maintenance, or support, on its behalf, of a Government-owned or -controlled research, development, special production, or testing establishment wholly or principally devoted to one or more major programs of the contracting Federal agency. "Management and professional support services." See "Advisory and assistance services." "Manufacture" means to manufacture, produce, assemble, or import. "Manufacturer," as used in this part, means any business that, or
person who, manufactures a consumer product. "Mapping, charting, and geodesy (MC&G) property" means geodetic, geomagnetic, gravimetric, aeronautical, topographic, hydrographic, cultural, and
toponymic data presented in the form of topographic, planimetric, relief, or thematic maps and graphics; nautical and aeronautical charts and publications; and in simulated, photographic, digital, or computerized formats. "Market place." See "Marketplace." "Market planning" involves market research and analysis and
generalized management planning concerned with development of the contractor's business. The allowability of long-range market planning costs is controlled by the provisions of 31.205-12. Other market planning costs are allowable to the extent that they are reasonable and not in excess of the limitations of paragraph (c)(2) of this subsection. Costs of activities which are correctly classified and disallowed under cost principles referenced in this paragraph (b) are not to be reconsidered for reimbursement under any other provision of this subsection. "Market research" means collecting and analyzing information
about capabilities within the market to satisfy agency needs. "Marketing consultant," as used in this subpart, means any
independent contractor who furnishes advice, information, direction, or
assistance to an offeror or any other contractor in support of the preparation
or submission of an offer for a Government contract by that offeror. An
independent contractor is not a marketing consultant when rendering-- "Marketplace" is the aggregation of buyers and sellers where goods are offered for sale. "Marshallese firm" means a local firm incorporated in the Marshall Islands, or otherwise legally organized under the
laws of the Marshall Islands, that- "Master agreement for repair and alteration of vessels"- "Master plan" means a subcontracting plan that contains all the
required elements of an individual contract plan, except goals, and may be
incorporated into individual contract plans, provided the master plan has been
approved "Master solicitation" means a document containing special clauses
and provisions that have been identified as essential for the acquisition of a
specific type of supply or service that is acquired repetitively. "Material," as used in this subpart, means property that may be
incorporated into or attached to a deliverable end item or that may be consumed
or expended in performing a contract. It includes assemblies, components,
parts, raw and processed materials, and small tools and supplies that may be
consumed in normal use in performing a contract. "Material cost at standard" means a preestablished measure of the material elements of cost, computed by multiplying material-price standard by
material-quantity standard. "Material costs" include the costs of such items as raw materials,
parts, sub-assemblies, components, and manufacturing supplies, whether purchased
or manufactured by the contractor, and may include such collateral items as
inbound transportation and intransit insurance. "Material management and accounting system (MMAS) " means the
Contractor's system or systems for planning, controlling, and accounting for the
acquisition, use, issuing, and disposition of material. Material management and
accounting systems may be manual or automated. They may be stand-alone systems
or they may be integrated with planning, engineering, estimating, purchasing,
inventory, accounting, or other systems. "Material-price standard" means a preestablished measure,
expressed in monetary terms, of the price of material. "Material-quantity standard" means a preestablished measure,
expressed in physical terms, of the quantity of material. "May" denotes the permissive. However, the words "no person may . . ." mean that no person is required, authorized, or permitted to do the act described. "McNamara-O'Hara Act" shall mean the Service Contract Act of 1965 as amended by Public Law 92-473, 86 Stat. 789, effective October 9, 1972, Public Law 93-57, 87 Stat. 140, effective July 6, 1973, and Public Law 94-489, 90 Stat. 2358, effective October 13, 1976 and any subsequent amendments thereto. "Mechanics". See "Laborers or Mechanics." "Med/Arb" employs a neutral selected to serve as both arbitrator
and mediator in a dispute. It combines the voluntary techniques of persuasion
and discussion, as in mediation, with an arbitrator's authority to issue a final
and binding decision, when necessary. "Mediation" is an intervention in dispute negotiations by an
impartial third person, with the purpose of helping the parties to reach their
own solution. "Mentor-Protege Program." See "Pilot Mentor-Protege Program." "Metrology" is the science of weights and measures used to
determine conformance to technical requirements including the development of
standards and systems for absolute and relative measurements. "Mexican end product" means an article that-- "MI." See "Minority institutions." "Micro-purchase" means an acquisition of supplies or services
(except construction), the aggregate amount of which does not exceed $2,500,
except that in the case of construction, the limit is $2,000. "Micro-purchase threshold" means $2,500. "Military Interdepartmental Purchase Request (MIPR) " is the acquiring department's authority to acquire the supplies or services on behalf
of the requiring department. "Miniature and instrument ball bearings" means all rolling contact ball bearings with a basic outside diameter (exclusive of flange diameters) of 30 millimeters or less, regardless of material, tolerance, performance, or quality characteristics. "Mini-Trial" is a structured settlement process in which senior
executives of the companies involved meet in the presence of an impartial third
person and, after hearing presentations of the merits of each side of the
dispute, attempt to formulate a voluntary settlement. "Minor modification" means a modification that does not
significantly alter the nongovernmental function or purpose of [computer]
software or is of the type customarily provided in the commercial marketplace. "Minor nonconformance" is a nonconformance that is not likely to materially reduce the usability of the supplies or services for their intended
purpose, or is a departure from established standards having little bearing on
the effective use or operation of the supplies or services. "Minority," as used in this clause, means-- "Minority Institution" means an institution of higher education
meeting the requirements of Section 1046(3) of the Higher Education Act of 1965
(20 U.S.C. 1067k), including a Hispanic-serving institution of higher
education, as defined in Section 316(b)(1) of the Act (20 U.S.C.
1101a). "Minority institutions," as used in this clause, means
institutions meeting the requirements of Section 1046(3) of the Higher Education
Act of 1965 (20 U.S.C. 1135d-5(3)). The term also includes
Hispanic-serving institutions as defined in Section 316(b)(1) of such Act (20
U.S.C. 1059c(b)(1)). "MIPR." See "Military Interdepartmental Purchase Request." "Misrepresentation of fact" means a false statement of
substantive fact, or any conduct which leads to the belief of a substantive fact
material to proper understanding of the matter in hand, made with intent to
deceive or mislead. "Modification," as used in this subpart, means a minor change in
the details of a provision or clause that is specifically authorized by the FAR
and does not alter the substance of the provision or clause (see 52.104). "Modification of a contract" means any alteration in the terms and conditions of that contract, including amendments, renegotiations, and renewals. "Modular contracting" means use of one or more contracts to
acquire information technology systems in successive, interoperable increments. "Month" means calendar month. However, if the Contractor's
accounting period does not coincide with the calendar month, then that
accounting period shall be used in lieu of "month." "Motor vehicle" means an item of equipment, mounted on wheels and
designed for highway and/or land use, that - "Moving average cost" means an inventory costing method under
which an average unit cost is computed after each acquisition by adding the cost
of the newly acquired units to the cost of the units of inventory on hand and
dividing this figure by the new total number of units. "MSC" means the Military Sealift Command. "Multi-agency contract (MAC)" means a task or delivery order
contract established by one agency for use by Government agencies to obtain
supplies and services, consistent with the Economy Act. Multi-agency contracts
include contracts for information technology established pursuant to section
5124(a)(2) of the Clinger-Cohen Act, 40 U.S.C.
1424(a)(2). "Multiple award contract (MAC)" as used in this subpart, means-- "Multiple award contract (MAC)" is an indefinite-delivery/indefinite-quantity (IDIQ) contract awarded to multiple firms from a single solicitation. See SeaPort and FAR 16.504 Indefinite quantity contracts. "Multiple service locations" means the various locations or
delivery points in the utility supplier's service area to which it provides
service under a single contract. "Multiple year contracts" means contracts having a term of more
than 1 year regardless of fiscal year funding. The term includes multiyear
contracts (see 17.103). "Multi-year contract" means a contract for the purchase of
supplies or services for more than 1, but not more than 5, program years. A
multi-year contract may provide that performance under the contract during the
second and subsequent years of the contract is contingent upon the appropriation
of funds, and (if it does so provide) may provide for a cancellation payment to
be made to the contractor if appropriations are not made. The key
distinguishing difference between multi-year contracts and multiple year
contracts is that multi-year contracts, defined in the statutes
cited at 17.101, buy more than 1 year's requirement (of a product or
service) without establishing and having to exercise an option for each program
year after the first. "Multi-year contracting" is a special contracting method to
acquire known requirements in quantities and total cost not over planned
requirements for up to 5 years unless otherwise authorized by statute, even
though the total funds ultimately to be obligated may not be available at the
time of contract award. This method may be used in sealed bidding or contracting
by negotiation. "Must" (see "shall"). Need a definition? Clarification? Suggest a new term or definition? |