Tag: Terms starting with M

Memorandum of Understanding; acronym pronounced by spelling it out.

A contract, not (merely) a conversation.

An accounting term for the difference between the cost to the producer or supplier and the price at which it is sold . . .

An accounting term for the difference between the cost to the producer and the price at which it is sold . . .

Months after contract award. Almost never used in the expanded form because the acronym is so cool. Who says Proposal Landers are nerds? Used to identify when milestones will occur and/or when written deliverables are due. Pronounced as “ma-ka,” rather than being spelled out.