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What is contract line?

contract line item. Procurement item comprehensively defined in an invitation for bids (IF) document, and for which a bidder is usually expected to provide separate pricing. Contracts for line items may, under the terms of the IF, require individual or separate awards.

What is a contract line item?

Contract Line Item Number. Contract Line Item Numbers (CLAN) (FAR Part 4.10) are part of a defense contracts that break the contract down by the commodities being procured (labor hours of services, funding for travel, quantity product A, etc.).

What is a contract line?

contract line item. Procurement item comprehensively defined in an invitation for bids (IF) document, and for which a bidder is usually expected to provide separate pricing. Contracts for line items may, under the terms of the IF, require individual or separate awards.

What does Lin mean in government contracting?

An Exhibit Line Items (LIN) may be used to provide additional information. Coins, and Sins are established when the contract is structured prior to award and must be included for all items for which the Government will take delivery, either during the performance of or at completion of the contract.

What does Coins stand for?

One of the more confusing aspects of government contracts is the presence of contract line item numbers (Coins). They often seem to have no relationship to the tasks you've been asked to perform or the commodities you've been asked to provide.

What is a requirements contract far?

Federal Acquisition Regulation (FAR) 16.503(a). The FAR states that a requirements contract may be appropriate when the Government anticipates recurring requirements but cannot predetermine the precise quantities of supplies or services that designated Government activities will need during a definite period.

What is a contract SKIN?

Contract Line / Sub-Line (CLAN / SKIN) The Contract Line (CLAN) and Sub-line (SKIN) structure is used in CLM documents, including modifications to the purchasing documents. A Contract Line captures information about the item(s) or service(s) to be procured in the contract with or without the pricing details.

What is a contract Clan?

Federal contracts are typically funded at the contract line item (CLAN) level. A CLAN is a line in your contract, typically found in Schedule B, which lists the services and products to be delivered, with a price or ceiling which cannot be exceeded.

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