Procurement Acronyms

FOC (Free Of Charge)

FOC (Free Of Charge)

FOC, or Free Of Charge, is a term used in procurement that refers to the delivery of a product or service without any additional cost. This type of transaction is most commonly used when receiving products or services as part of an existing contract or agreement. It is important to note that FOC’s may still require payment for certain required components or additional services related to the delivery.