§ 3901 Contracts awarded using procedures other than sealed-bid procedures
§ 3902 Severable services contracts for periods crossing fiscal years
§ 3903 Multiyear contracts
§ 3904 Contract authority for severable services contracts and multiyear contracts
§ 3905 Cost contracts
§ 3906 Cost-reimbursement contracts
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Terms Used In U.S. Code > Title 41 > Subtitle I > Chapter 39 - Specific Types of Contracts

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • officer: includes any person authorized by law to perform the duties of the office. See 1 USC 1
  • Oversight: Committee review of the activities of a Federal agency or program.