Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 71-80 of 174 results for “A”

  • AFC


    See Also: Average Fixed Cost (AFC)

  • Affidavit

    1. A written statement of facts provided by one party that may be made under oath before a person of authority. 2. A written declaration made under oath before an authorized official.

  • Affiliate

    1. A branch or unit of a larger entity. 2. Legal form of entity relationship used in business law.

  • Affirmative Action

    A requirement contained within United States Federal law (Equal Opportunity Act of 1972) to address employment discrimination against African Americans and other minorities. Specifically, it empowered the Equal Employment Opportunity Commission to take enforcement action against individuals, employers, and labor unions which violated the employment provisions of the 1964 Act, and expanded the jurisdiction of the commission as well. It also required employers to make reasonable accommodation for the religious practices of employees.

  • AG

     CANADIAN See Auditor General of Canada.

  • Agency

    A legal relationship that exists between two parties by which one (the agent) is authorized to perform or transact specified business activities for the other (the principal).

  • Agent

    1. A person or thing which acts upon someone or something; one who or that which exerts power; the doer of an action. (OED Online, 2015) 2. In public procurement, this designation is usually incorporated into statute and ordinance. Empowered to act for another. (NASPO, 2001)

    See Also: Law of Agency, Principal, Buyer

  • Aggrandizement

    The extension of one’s influence beyond what is normal or ethically acceptable. In Procurement, personal gain obtained through an agreement established and intended to be on behalf of taxpayers.

  • Aggregate

    To gather or collect quantities of a specific item (product or service), often done to achieve savings by leveraging economies of scale. (Schiller, 2000)

  • Aggregate Award

    A contract award based on the total price for all items. While this allows the public entity to enter into a contract with a single supplier, this method does not always provide the best available pricing and may be overly restrictive unless multiple bidders are able to supply all of the items contained in the solicitation document.

Advertisement

Advertisement