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What is the Difference Between Contracts, Purchase Orders, Grants and Cooperative Agreements?

April 26, 2017agreements contracts cooperative difference Grants orders purchase

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What is the Difference Between Contracts, Purchase Orders, Grants and Cooperative Agreements?

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CONTRACTS or PURCHASE ORDERS are used to acquire goods and services whenever the principal purpose of the transaction is to obtain property or services for the direct benefit or use of the Federal Government.