Dictionary of Procurement Terms

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Search Results: 161-170 of 353 results for “C”

  • Comptroller

    The individual within an organization who is responsible for the organization’s accounting and financial management functions.

  • Computer-Aided Design (CAD)

    The use of computer systems to assist in the design and development of products.

  • Computer-Aided Manufacturing (CAM)

    The use of computer systems to design, plan, and control manufacturing processes. (Burt, Dobler, & Starling, 2003)

  • Concealed Damage

    Damage that may occur during shipment of goods that is not apparent or noticeable at the time of receipt or acceptance.

  • Conceptual Skills

    The ability to think in abstract terms. (Ferrell & Hirt, 2003)

  • Concession Model

    Agency contracts with a person, group, or company to run a portion of a government-owned facility. Concessions may be related and ancillary to a Public-Private Partnership (P3).

    See Also: Public-Private Partnership (P3)

  • Conciliation

    A form of negotiation used in Alternative Dispute Resolution (ADR). It involves building a positive relationship between the parties to a dispute by using a third party or conciliator. Conciliation may assist in the settling of disputes that have reached an impasse.

  • Conditional Sale

    A sale made with the understanding that title will not pass from the supplier to the purchaser until some prerequisite condition has been met, although possession may be surrendered to the buyer.

  • Confidential Information

    Information, such as trade secrets or test data, which is made known only to those who need to know, only because of a compelling reason. Such information must be protected and is not a matter of public knowledge as may be allowed by public policy or law. Best practice would require that such information be clearly identified and labeled. (Harney, 1992)

    See Also: Proprietary (Information), Trade Secret

  • Confirmation Order

    A purchase order issued to a supplier, listing the commodities and terms of an order placed verbally, or otherwise, in advance of the issuance of the purchase order.

    See Also: Confirming Purchase Order

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