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: 21-30 of 43 results for “W”

  • Weight/Gross

    The total combined weight of an article, its shipping container, and packing material. (ISM, 2000)

  • Weight/Net

    The weight of an empty shipping container or the cargo of a transport vehicle. (ISM, 2000)

  • Weight/Tare

    The combined weight of an empty shipping container and packing materials. (ISM, 2000)

  • Weighted Average

    An average of quantities that have been adjusted by the addition of a statistical value to allow for their relative importance in a data set. (Business, 2002)

  • Weighted Point Method

    A methodology used to evaluate a proposal based on subjective criteria, each of which is assigned a point value.

  • Weighted-Point Method/Scoring

    A methodology used to evaluate a bid/proposal based on subjective criteria, each of which is assigned a point value. Evaluators may place different levels of importance on various factors that have been identified. Examples of criteria may include capacity to perform, past experience, financial strength, or references of previous work. Fixed weights and variable weights are the two most common forms of weighting systems.

  • Welfare Programs

    Socio-economic programs that are means-tested income transfer programs, e.g., welfare and food stamps. (Schiller, 2000)

  • Wheel of Retailing

    A hypothesis that suggests that new retail operations usually begin at the bottom in price, profits, and prestige, and gradually evolve up the cost/price scale, competing with newer businesses that are evolving the same way. It plays into negotiation strategy, whereby a relatively young company may be willing to sell at cost or at minimum profit to obtain a prestigious account. (Business, 2002)

  • Whistleblower

    An employee who discloses to an outside person or entity an activity by his or her employer that the employee characterizes as illegal, immoral,or otherwise improper. (Nash, Schooner, & O’Brien, 1998)

  • Whistleblowing

    An individual or group of individuals who inform the press or government officials about unethical practices within their own organization. Whistleblowers have uncovered fraud, waste, and abuse within businesses and governments. (Business, 2002)
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