Glossary of Defense Contracting Terms (G)
This Glossary provides you with the most frequently used terms in government and military base contracting. Familiarity with the language of government contracting is essential for doing business with the Department of Defense (DoD) and working with contracting offices at military bases and DoD agencies. You may also find it helpful to use our master list of Acronyms frequently used in DoD contracting
View ACRONYMS used in Defense Contracting
GENERAL SERVICES ADMINISTRATION (GSA) A Federal agency that supplies products and communications for U.S. government offices, provides transportation and office space to federal employees and develops cost-minimizing policies.
GPE The single point where government business opportunities greater than $25,000 can be accessed electronically by the public, including synopses of proposed contract actions, solicitations and associated information.
G&A EXPENSE General administrative and management expenses for a business unit as a whole.
GOODS Materials, equipment, supplies, printing and IT hardware and software.
GOODWILL An unidentifiable intangible asset, that originates under the purchase method of accounting for a business combination when the price paid by the acquiring company exceeds the sum of the identifiable individual assets acquired less liabilities assumed, based upon their fair values. Goodwill may arise from the acquisition of a company as a whole or a portion thereof.
GOVERNMENT WIDE ACQUISITION CONTRACTS Task order or delivery order contracts, operated by an executive agent designated by the Office of Management and Budget (OMB), for Information Technology (IT) established by one agency for government wide use.
GSA ADVANTAGE An online shopping and ordering system administered by the General Services Administration (GSA) that offers federal consumers access to thousands of supplies and services provided by vendors who hold GSA Schedule Contracts.
GUARANTEE A legally enforceable assurance of the quality or duration of a product or of work performed.
Guidance for Doing Business with Military Bases