Glossary of Defense Contracting Terms (M)
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
MAINTENANCE BOND A bond that provides a guarantee to an owner that the contractor will rectify defects in workmanship or materials reported to the contractor within a specified time period following final acceptance of the work under contract.
MARKET RESEARCH Collecting and analyzing information about capabilities within the market to satisfy agency needs.
MASTER SOLICITATION 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.
MEMO OF UNDERSTANDING (MOU) Expression of mutual understanding of an issue without implying commitments by parties to the understanding.
MICRO-PURCHASE Micro-Purchase is a Government purchase (supplies or services) under the dollar value of $3,000.00 ($2,000.00 for Construction). [FAR 13.2; DFAR 232.1108] The purchase is paid by credit card. It is a distinctively designed card and identified for Official Government Use Only. The credit card affords authorized buyers a way to pay for over-the-counter purchases or telephone purchases less than $3,000.00 when the supplies or services are immediately available and a single delivery and payment will be made.
MODIFICATION (AKA MOD) 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.
MOST FAVORED CUSTOMER (MFC)
Individuals or entities that receive the best prices, discounts, and/or concessions, regardless of selling terms and conditions.
MULTIPLE AWARD TASK ORDER CONTRACT DoD agencies seek RFQ/RFP's from many contractors/vendors for construction services. Multiple awardees will be chosen to provide services to the government within a predefined dollar amount.
Guidance for Doing Business with Military Bases