Definition of GWAC (Government-wide Acquisition Contracts)

Definition:

GWAC stands for Government-wide Acquisition Contract. Sometimes the government can realize economies of scale by centralizing the purchasing of certain types of products or services. A GWAC consolidates purchasing across a number of federal government agencies.

Procurement reform has ushered numerous new and/or modified acquisition vehicles -- multiple award contracts -- such as multi-agency contracts and government-wide acquisition contracts (GWACs). These vehicles encourage long-term vendor agreements with fewer vendors.

Related Terms:

RFA (Request for Application)
RFP (Request for Proposal)
Contract

Related Information:

Government Contracting
Independent Contracting
Consolidated Purchasing Programs

Related Books:

Successful Proposal Strategies for Small Business
Win Government Contracts for Your Small Business
More Books about Contracting

 

 

 

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