Term: Acquisition Contracting

The process of buying a piece of equipment or a system, whether designed from scratch or configured from commercial off-the shelf (COTS) components.

Usually distinguished from services contracting in requiring large capital investment to fund the design and development effort.

Used extensively in military procurement: ships, armoured vehicles, weaponry, radar systems. Information technology systems also fall into this category.

Comments Off on Term: Acquisition Contracting

Filed under Terminology

Comments are closed.