SME

Small and Medium Enterprises. The term is defined differently in different countries. Gibson and van der Vaartindeed define a SME as: … a formal … Read more

Sole-source

A market approach where only one supplier or contractor is invited to submit a bid in response to a tender. Sole-source is discouraged as … Read more

SoW

Statement of Work, or Scope of Work. The formal description of goods and/or services to be provided by a contractor. It may be prepared by … Read more