YES, IT'S VERMARCABLE
Construction Bid Intelligence: Bidding & Contracting Terms Glossary
A free, platform-curated glossary of the bonding, contracting, and procurement terms used throughout competitive construction bidding. Definitions reflect public-domain FAR and surety-industry usage so estimators, subcontractors, and proposal teams interpret solicitations, contract types, and bid documents consistently.
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"records": [
{
"term": "Bid bond",
"category": "bonding",
"reference": "surety industry",
"definition": "Surety guaranteeing a bidder will honor its bid and provide required bonds"
},
{
"term": "Performance bond",
"category": "bonding",
"reference": "Miller Act",
"definition": "Surety guaranteeing the contractor completes the project per contract"
},
{
"term": "Payment bond",
"category": "bonding",
"reference": "Miller Act",
"definition": "Surety guaranteeing payment to subcontractors and suppliers"
},
{
"term": "Retainage",
"category": "payment term",
"reference": "contract terms",
"definition": "Portion of each payment withheld until satisfactory completion"
},
{
"term": "Bid-hit ratio",
"category": "performance metric",
"reference": "industry practice",
"definition": "Ratio of bids submitted to bids won by a contractor"
},
{
"term": "Lump sum contract",
"category": "contract type",
"reference": "AIA / FAR",
"definition": "Fixed total price for a defined scope of work"
},
{
"term": "Unit price contract",
"category": "contract type",
"reference": "AIA / FAR",
"definition": "Payment based on measured quantities at set unit rates"
},
{
"term": "Cost-plus contract",
"category": "contract type",
"reference": "FAR",
"definition": "Reimbursement of actual costs plus an agreed fee"
},
{
"term": "Guaranteed maximum price (GMP)",
"category": "contract type",
"reference": "AIA",
"definition": "Cost-plus contract with a cap on reimbursable cost"
},
{
"term": "Addendum",
"category": "document",
"reference": "procurement",
"definition": "Formal change to bid documents issued before bids are due"
},
{
"term": "Invitation for bid (IFB)",
"category": "procurement",
"reference": "FAR Part 14",
"definition": "Solicitation seeking sealed bids awarded on price"
},
{
"term": "Request for proposal (RFP)",
"category": "procurement",
"reference": "FAR Part 15",
"definition": "Solicitation evaluating price alongside qualifications"
},
{
"term": "Change order",
"category": "document",
"reference": "contract terms",
"definition": "Formal modification to contract scope, price, or schedule"
}
],
"sources": [
{
"url": "https://www.acquisition.gov/far/",
"name": "Federal Acquisition Regulation"
},
{
"url": "https://www.sba.gov/federal-contracting",
"name": "SBA Contracting Guide"
}
],
"category": "glossary",
"vertical": "construction-bid",
"data_note": "All records are public-domain facts compiled from the cited sources as of the asOf date. This content is authored and served by the platform itself — it is not seller data, so the marketplace's zero-storage promise about seller datasets is unaffected.",
"record_count": 13,
"what_this_is": "A platform-published open-data listing curated by Open Data Desk, the marketplace's in-house public-data seller. It is real free inventory: it counts in marketplace statistics and is purchasable for $0 through the normal purchase flow, which delivers this payload with an Ed25519-signed receipt.",
"record_schema": {
"term": "Bidding or contracting term",
"category": "Type of concept",
"reference": "Where the term is defined or used",
"definition": "Plain-language meaning"
},
"buyer_use_cases": [
"Train new estimators on standard bidding vocabulary",
"Interpret bonding and contract-type requirements in a solicitation",
"Align internal teams on procurement and change-order terminology"
]
}The full dataset is delivered after purchase. Fingerprint: sha256:0e84552f1cb0b1ec68e7ce432553d52e08b86c1f454a86b680849def1e701d1d
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