Offset proposal definition
Offset proposal means a proposal furnished by an obligor to a procuring entity (direct offset) or Offset Authorities (semi-direct or indirect offset) by the terms of which the obligor commits to satisfy the offset requirements of the procuring entity or Offset Authorities and provides the information required by the procuring or Offset Authorities in accordance with applicable offset requirements; offset proposals may be included with the main contract submission or may be separately submitted, depending upon national requirements.
Offset proposal means a proposal furnished by a prospective seller to a Foreign purchaser by the terms of which the seller commits to satisfy the offset requirements of the purchaser and provides the information required by the purchaser in accordance with applicable offset requirements; offset proposals may be included with the supply contract submission or may be separately submitted, depending upon national requirements.