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: 311-320 of 353 results for “C”

  • CPPB


    See Also: Certified Professional Public Buyer (CPPB)

  • CPPC


    See Also: Canadian Public Procurement Council (CPPC)

  • CPPO


    See Also: Certified Public Procurement Officer (CPPO)

  • CPSM


    See Also: Certified Professional in Supply Management (CPSM)

  • Cradle-to-Grave

    A representation of the life cycle of a given system, from concept through development, acquisition, operations phases, and final disposition. (Nash et al., 2007) This term is also used when speaking about the generation and disposal of hazardous waste. Also called womb-to-tomb and referred to as the Purchasing Cycle.

  • Credible

    Plausible or believable.

  • Credit

    In monetary theory, the use of someone else’s assets in exchange for a promise to pay (usually with interest) at a later date. (Schiller, 2002)

  • Credit Memo

    A method of correcting an overcharge, paying a trade rebate, or crediting the value of goods returned.

  • Creditor

    A lender, whether by making a loan, buying a bond, or allowing money owed now to be paid. (Schiller, 2000)

  • Critical Path Method (CPM)

    The sequence of production activities that takes the longest time from start to finish. This technique is useful for planning, scheduling, and monitoring complex projects composed of a large number of interrelated and interdependent activities. It is often used in construction procurement to sequence critical timeline events.

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