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: 71-80 of 248 results for “P”

  • Point of Shipment (POS)

    One of many designated Free on Board (F.O.B.) terms that means that title passes from seller to buyer at seller’s loading dock. Same as F.O.B. Factory, F.O.B. Point of Origin.

  • Point Rating

    An evaluation procedure in which a list of criteria, to which values have been assigned, is used to ascertain the individual merits of proposals that have met the mandatory factors specified in a Request for Proposals (RFP).

  • Point-Click-Buy-Ship

    A reference to eProcurement and eBusiness protocol that allows buyers to access an Internet shopping site, make an authorized purchase from a pre-determined contract supplier, and charge the purchase to a credit card. Frequently used for just-in-time, next day procurements. (Martin & Miller, 2006)

    See Also: Click-and-Ship

  • Policy

    A governing principle or plan that establishes the general parameters for the entity to follow in carrying out its responsibilities.

  • Policy of Insurance

    The formal document delivered by the insurance company to the insured that evidences the rights and duties between the parties.

  • Political Subdivision

    A political entity within a state, which has been delegated certain functions of local government. May include counties, cities, towns, villages, hamlets, boroughs, or parishes.

  • POR


    See Also: Planned Order Release (POR)

  • Portable Document Format (PDF)

    A file format used to present and exchange documents reliably, independent of software, hardware, or operating system. Invented by Adobe, PDF is now an open standard maintained by the International Organization for Standardization (ISO). PDFs can contain links and buttons, form fields, audio, video, and business logic. (Adobe, 2015)

  • POS


    See Also: Point of Shipment (POS)

  • Post-Award Activities

    Activities that ensue after the contract has been awarded that ensure that the buyer receives what was ordered on time and at the price and quality specified. These activities may include supplier development, technical assistance, troubleshooting, and the management of the contract and the resulting relationship.

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