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: 51-60 of 70 results for “G”

  • Grapevine

    An informal channel of communications, separate from management’s formal, official communication channels. (Business, 2002)

  • Gratuitous Offer

    An uninvited condition or provision submitted by a bidder or proposer; an unnecessary or unwarranted submission.

  • Gratuity

    Something given voluntarily or beyond obligation, usually for some service (e.g., tip).

  • Green Municipal Investment Fund (GMIF)

    CANADIAN A revolving fund providing financial services (including loan guarantees and interest-bearing loans) that allow Canadian municipalities to fund projects that protect the climate and improve air, water, and soil quality.

  • Green Purchasing


    See Also: Environmentally Preferable Product (EPP)

  • Green Seal

    A non-profit environmental organization that offers expertise in green purchasing, operations, and plant improvement. This organization has helped prepare environmentally responsible criteria including specifications for many products, including paint, adhesives, degreasers, paper towels, and napkins.

  • Grey Market Goods

    New goods that flow through distribution supply channels other than those authorized or intended by the manufacturer or producer. For example, goods intended to be only sold in Europe that eventually find their way for sale and use in the United States market. Goods being sold outside of normal distribution channels by companies that may have no relationship with the producer of the goods. Typical goods include electronics, cameras, and watches. The original manufacturer may not honor the product warranty on grey market goods.

  • Gross Domestic Product (GDP)

    The total market value of all final goods and services produced within a nation’s borders in a given time period. (Schiller, 2000)

  • Gross Income

    Revenues minus the cost of goods sold required to generate the revenues. (Schiller, 2000)

  • Gross National Product (GNP)

    A measure of the country’s economic performance. It is calculated by adding to the GDP the income earned by residents from investments abroad, less the corresponding income sent home by foreigners who are living in the country. (Bishop, 2004)
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