Dictionary of Procurement Terms

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

Search the Dictionary of Terms

Search Results: 111-120 of 122 results for “I”

  • Invoice

    A written account or itemized statement, addressed to the purchaser, of merchandise shipped or services performed, together with the quantity and the prices and other charges. An invoice is the seller's bill or written request for payment of work or services performed under the contract. (Nash, Schooner, & O’Brien, 1998)

  • IPO


    See Also: Initial Public Offering (IPO)

  • IRI


    See Also: Investment Recovery Initiatives (IRI)

  • Irregularities and Informalities

    Defects or minor non-compliance contained within a response to a Bid. A defect which is easily correctable. Deviations from the exact requirements of the Solicitation that do not affect the price, terms, or conditions of the Bid document. A minor informality or irregularity is one that is merely a matter of form and not of substance, or pertains to some immaterial or inconsequential defect or variation of a Bid from the exact requirement of the IFB, the correction or waiver of which would not be prejudicial to other Bidders. Example: Failure to execute a required certificate. Also see Informalities/Irregularities.

    See Also: Informalities/Irregularities

  • ISM


    See Also: Institute of Supply Management (ISM)

  • ISO


    See Also: International Organization for Standardization (ISO)

  • ISO 9000, ISO 14000

    Families of standards and guidelines relating to quality management systems and processes. ISO 9000 is primarily concerned with quality; ISO 14000 is primarily concerned with environmental management. Developed by the International Organization for Standardization. (ISM, 2000)

  • Issue

    CANADIAN The release of materiel pursuant to a properly authorized requisition or instruction.

  • ITB

    UPPCC Style Guidelines for CPPO and CPPB ​examinations list Invitation for Bids (IFB) as the preferred term.

    See Also: Invitation for Bids (IFB)

  • Item Description

    CANADIAN The minimum data necessary to establish the identity of an item of supply for material management purposes.

Advertisement

Advertisement