Glossary of Defense Contracting Terms (V)

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.

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View ACRONYMS used in Defense Contracting

 

VALUE ADDED RESELLER (VAR)      A company that adds features or services to an existing product, then resells it (usually to end-users) as an integrated product or complete “turn-key" solution. This practice occurs commonly in the electronics industry, where, for example, a VAR might bundle a software application with supplied hardware.

VALUE ENGINEERING (VE)     A systematic method to improve the “value" of goods or products and services by using an examination of function.

VALUE ENGINEERING CHANGE PROPOSAL (VECP)     Post-award value engineering proposals made by construction contractors during the course of construction under a value engineering clause in the contract.

VARIABLE COST    In cost-volume-profit analysis, costs of each unit that remain constant no matter how many units are made in the relevant range of production. Total variable cost increases as the total number of units produced increases.  

 

Pentagon Spokesman Department of Defense (DoD)

Guidance for Doing Business with Military Bases

   

The Wait Can Be Long!
Often the waiting list to get into see a Small Business Specialist at a military base can be long... frequently very long. And when your appointment date finally arrives, you might only get a few minutes of consultation. 
 
Why Not Get the Help You Need Today!
You can download and use our helpful defense contracting guidebooks. They are easy to read and packed with valuable information you will find extremely helpful for doing business with the Department of Defense and with military bases.

Download and Use our Helpful Guidebooks 

 Defense Studies Institute Small Business Specialist 

 


   Defense Studies Institute Army Corps of Engineers

Defense Studies Institute Marine Corps Defense Studies Institute Government Subcontractor
What Do Military Bases Purchase?
Master list of products, materials, equipment, and services routinely purchased by military bases and DoD organizations. 
Doing Business at Military Bases
Small business opportunities and points of contact at military bases and DoD agencies across the United States.
Subcontracting Opportunities
Detailed step-by-step guidance for becoming a successful subcontractor or supplier to prime defense contractors.