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What does notice of award mean?

The Notice of Award (NoA) is the official legal document1 issued to the grantee that indicates a federal grant award has been made and funds may be requested to be used, and reported on, in the approved manner. It is sometimes called a Notice of Grant Award (NGA).

What is notification of award of contract?

A contract award notice is a formal announcement made by a contracting authority to inform contractors of their successful bid. The notice indicates the value of the contract, the start and end date of the agreement, and any special conditions that may apply.

What does it mean when a contract is awarded?

Contract Award: Awarding a contract refers to the process of notifying a tenderer that they have been formally chosen as the supplier for a particular contract upon acceptance of their bid or proposal.

What is SBR Maryland?

In 2004, the state created the Small Business Reserve (SBR) Program, providing small businesses with the opportunity to participate as prime contractors on state contracts by establishing a unique marketplace where small businesses compete against other small businesses instead of larger, more established companies.

What is the notice of award of contract?

Notice of Award of Contract . / Letter of Award shall mean the official intimation from the Owner notifying the successful bidder that its proposal has been accepted and that the bidder is required to sign the contract Agreement.

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