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: 31-40 of 122 results for “R”

  • Recycled Materials

    Materials, goods, or products that contain recyclable items that are used in manufacturing a new product.  

  • Redistribution

    The transfer of control, utilization, or location of material between organizations or activities.

  • Reduced Inspection

    Inspection under a sampling plan using the same quality levels for normal inspection, but requiring a smaller sample.

  • Reference

    A component of due diligence to determine the capability of performing contractual requirements, whereby previous businesses are contacted concerning the potential contractor's skills, qualifications, and capabilities.

  • Reference Groups

    Groups with whom buyers identify and whose values or attitudes they adopt. May be applicable to purchasing cooperatives. (Business, 2002)

  • Refused Shipment

    A delivery of freight or goods and materials that the consignee refuses to accept. Any delivery from a carrier that is not accepted.

  • Regressive Tax System

    A system in which effective tax rates fall as income rises. The burden tends to be overly high on the state’s less affluent residents. A public policy issue that may impact governmental procurement decisions. (Schiller, 2000)

    See Also: Sales Tax

  • Regulation

    A statement by a governmental body to implement, interpret, or prescribe law or policy, or to describe organization, procedure, or practice, often promulgated in accordance with an administrative procedures act.

  • Regulatory Body

    An independent organization, usually set up by government, that regulates the activities of companies in an industry.

  • Reinsurance

    A contract in which an insurance company agrees to indemnify another insurance company in whole or in part against risks the first company has assumed.

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