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: 241-250 of 353 results for “C”

  • Contractor

    Any individual or business having a contract with a governmental body to furnish goods, services, or construction for an agreed-upon price.

  • Contracts Canada

    CANADIAN An inter-departmental initiative to improve Supplier and Buyer awareness and simplify access to Federal Government purchasing information.

  • Contractual Arrangement

    CANADA An agreement between a contracting authority and entity of the Crown to provide a good, perform a service, construct a work, or to lease real property for appropriate consideration. These types of agreements are not contracts in the true sense, but are still subject to certain limits or constraints imposed by the Treasury Board.

  • Controlled Items

    Items that require special controls beyond those normally employed.

  • Convenience Product

    A relatively inexpensive, frequently purchased item for which buyers want to exert only minimum effort to obtain. (Schiller, 2000)

  • Conversion

    The transformation of materials into economic goods and services. Manufacturing is a conversion activity. (Schiller, 2000)

  • Conversion Costs (One-Time Conversion Costs)

    Costs that are incurred due to change in service delivery from in-house to a privatized contract. They may be either personnel related or material related. Personnel related costs can include accrued annual and sick leave benefits owed public employees and any other severance type costs. Material related costs can include costs associated with the preparation and transfer of facilities or equipment to the contractor or other costs such as penalties for terminating leases and the costs of maintaining underutilized facilities or equipment until they are sold or leased.

  • Convertibility

    The ability to exchange a country’s currency for currencies of other nations. (Schiller, 2000)

  • Conveyance

    1. A formal written instrument, usually called a deed, by which title or other interest in real property is transferred from one person to another. 2. A means of transporting goods or people; a carrier such as a railroad, car, truck, vessel, barge, or airplane.

  • COOP


    See Also: Continuity of Operations Plan (COOP)

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