Dictionary of Procurement Terms

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Search Results: 51-60 of 122 results for “R”

  • Replacement Materiel

    CANADIAN Materiel assets that are required to replace disposed items.

  • Replenishment Inventory Control System

    An inventory control system that relies on accurate estimates of usage rates and delivery lead times to allow orders to be completed and to ensure stock does not run out. (Business, 2002)

  • Replevin

    A legal term meaning the action for the recovery of property. A writ of Replevin allows for the repossession of property. (Garner, 2004)

  • Report of Partial Shipment

    Report showing the items received from a supplier when an order is incomplete, or has items backordered.

  • Repositioning

    A marketing strategy that changes aspects of a product or brand to change market position and alter consumer perceptions. A strategy used to increase product sales in certain markets. (Business, 2002)

  • Repudiation

    Rejection, disclaimer, or renunciation. Refusal to perform a duty or obligation owed to the other party. (Garner, 2004)

  • Request for Comments (RFC)

    A document generated prior to an authorized procurement in order to request feedback from the contracting community or potential Proposers/Bidders, to seek information about a product or service in order to assist in the finalization of technical specifications, design specifications, or a statement of work. Also see Pre-Solicitation Conference and Request for Information (RFI).

    See Also: Pre-Solicitation Conference, Request for Information (RFI)

  • Request for Equitable Adjustment (REA)

    Changes to a contract may require additional work and expense on the contractor. Change work, either directed by formal contract modification or through constructive change, entitles the contractor to seek an equitable adjustment. The contractor must prove that they are entitled to an equitable adjustment. The contract must contain language specifying the conditions under which an REA will be considered.

  • Request for Expressions of Interest (EOI)

    A document issued by the buyer during the very early stage of the procurement planning process to provide potential suppliers with an avenue to register their interest in being involved in a particular project or performing a particular job. An EOI may also be used to seek industry input into scope of work requirements that will then become part of a formal solicitation, or to find other contractors who could provide the goods or services.

    See Also: Request for Information (RFI)

  • Request for Information (RFI)

    A non-binding method whereby a jurisdiction publishes via newspaper, Internet, or direct mail its need for input from interested parties for an upcoming solicitation. A procurement practice used to obtain comments, feedback, or reactions from potential responders (suppliers, contractors) prior to the issuing of a solicitation. Generally, price or cost is not required. Feedback may include best practices, industry standards, technology issues, etc.

    See Also: Pre-Solicitation Conference, Request for Comments (RFC)

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