Dictionary of Procurement Terms

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Search Results: 91-100 of 122 results for “E”

  • Evaluation

    A process used to assess offers in determining the outcome for a solicitation. For bids and quotes, where price is the only factor, it is used to determine the lowest, responsive bid from a responsible bidder. For proposals, multiple criteria are used to determine the successful proposer based on the highest score received.

  • Evaluation Committee/Team

    A committee established to conduct evaluation of proposals, interviews, and negotiations during the solicitation process for a specific product or service. Usually composed of representatives from the functional area identified in the Scope of Work and may include a procurement representation.

    See Also: Negotiation Team

  • Evaluation Criteria

    Used in an RFP when soliciting proposals. A proposer is usually selected based on a combination of price and non-price factors. Examples of evaluation criteria include Qualifications and Experience, Technical Approach and Methods, Schedule, and Price.

  • Evaluation Factors

    In competitive negotiations, those factors specified in the Request for Proposals (RFP) that will be considered in determining to whom a contract will be awarded.

  • Evaluation of Bids

    The examination of bids after opening to determine the bidder’s responsibility, responsiveness to requirements, and other aspects of the bid to determine the successful bidder.

  • Evergreen Contracts

    Contracts with automatic renewal clauses that continue unless a notice of termination is issued.

  • Ex Dock

    Supplier bears cost and responsibility for placing goods on the dock at the port of destination; all costs from that point are on the buyer.

  • Ex Point of Origin

    In foreign trade, quotation or bid that does not include cost of exportation, such as transportation costs, export permit fees, or export duties.

  • Ex Warehouse

    Supplier makes delivery at port of origin, and all risks and costs from that point on are borne by the purchaser.

  • Excess Property

    1. Any supplies or equipment, other than expendable supplies having a remaining useful life, that are no longer required by the agency in possession of the material. 2. Material and supplies that are acquired by a government agency but are not required or can no longer be used by the agency and it may or may not have a residual value.

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