Dictionary of Procurement Terms

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

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Search Results: 171-180 of 353 results for “C”

  • Confirming Purchase Order

    A purchase order issued after the fact restating the same terms originally placed orally, or by some other informal means.

    See Also: Confirmation Order

  • Conflict of Interest

    1. A situation that can undermine a person due to self interest and public interest. 2. A situation when parties discharge responsibility to a third party. (Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.)

  • Conflict Resolution

    A process leading to resolve a contractual conflict or opposition such as the public agency’s policy to try to resolve by mutual agreement all contractual issues in controversy. These procedures may include such actions as fact-finding, negotiation, facilitation, mini-trials, mediation, or arbitration.

  • Consequential Damages

    The loss of revenues and/or profits incurred by a purchaser as a result of a seller’s breach; may involve injury to a person or property, including loss of life or business. (ISM, 2000)

  • Consequentialism

    An ethical decision-making model which calls attention to all stakeholders and requires the decision maker to predict the likely results of an act and weigh the good it will produce against the harm it will cause.

  • Consideration

    1. Something of value which is exchanged by two parties and which serves to form or bind a contract. 2. A type of mutual commitment that must exist to form an express contract. 3. That which is given or promised to bring a binding contract into existence.

  • Consignee

    A person, company, or government agency, usually the buyer, to whom goods are to be delivered by the consignor.

  • Consignment

    The goods or property shipped via a common carrier from one location to another.

  • Consignment Buying

    A method of procurement in which a supplier maintains inventory on the premises of the purchaser. The purchaser’s obligation to pay for the goods begins when goods are drawn from the stock/inventory. (ISM, 2000)

  • Consignor

    A person or company that ships goods to another (the shipper).

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