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Government Contracting
Glossary & Terminology

Your go-to reference for federal procurement acronyms, contract types, and acquisition terminology. Understand the language of government contracting.

33 terms found for letter F

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F
FAC
Federal Acquisition Circular; a publication used to issue new or revised FAR rules.
F
Faded
Radar contact is lost.
F
FAP
Family Advocacy Program; prevents domestic abuse in the military.
F
FAR
Federal Acquisition Regulation; the primary set of rules governing all federal executive agency acquisitions.
F
FAS
Federal Acquisition Service; the division of GSA responsible for managing procurement programs.
F
FBO
FedBizOpps; (Obsolete) the previous website for federal procurement opportunities, now SAM.gov.
F
Feet Dry
Transition of aircraft from sea to land.
F
Feet Wet
Transition of aircraft from land to sea.
F
FEX
Field Exercise; a training event conducted in the field.
F
FFP
Firm-Fixed-Price; a contract that provides for a price that is not subject to any adjustment based on the contractor's cost experience.
F
File 13
Slang for the trash can.
F
FIPS PUB
Federal Information Processing Standards Publication; standards for federal computer systems.
F
FISMA
Federal Information Security Management Act; requires federal agencies to develop a security program for their data.
F
FITREP
Fitness Report; performance record for Navy/Marine officers.
F
Fixed-Price Incentive
A contract providing for adjusting profit based on a formula comparing target cost to actual cost.
F
Flash
High-priority signal.
F
Flock
Large number of friendly aircraft in a formation.
F
FLSA
Fair Labor Standards Act; federal law governing minimum wage, overtime, and child labor.
F
FMB
Office of the Budget, Assistant Secretary of the Navy; responsible for Navy budget formulation.
F
FMF
Fleet Marine Force; Marine units assigned to Navy fleets.
F
FMS
Foreign Military Sales; a program through which the US government sells defense articles and services to foreign countries.
F
FOB
Forward Operating Base; a secured tactical position.
F
FOIA
Freedom of Information Act; a law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the US government.
F
FOT&E
Follow-on Test and Evaluation; testing conducted after a system is in production to verify its effectiveness.
F
Fox One
Simulated or actual launch of semi-active radar-guided missile.
F
Fox Three
Simulated or actual launch of active radar-guided missile.
F
Fox Two
Simulated or actual launch of infrared-guided missile.
F
FPE
Fixed-Price Contract with Escalation; a fixed price that can be adjusted based on specified economic contingencies.
F
Friendly
A positively identified friendly contact.
F
FRP
Full Rate Production; the phase of an acquisition program where the system is produced at high volume after successful testing.
F
FRTP
Fleet Readiness Training Plan; the Navy's cycle for training and deploying its forces.
F
FTR
Federal Travel Regulations; rules governing travel and relocation for federal employees.
F
Furball
A turning fight involving multiple friendly and enemy aircraft.

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