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: 1051-1060 of 2469 results

  • gent (PROC)

    CANADIAN Identifies four types of costs (product, resource, operating, and contingent) used to identify all costs associated with a requirement over its useful life to determine the best value.

  • Gift

    Something of economic value given to a public official or the public official’s relative without valuable consideration of equivalent value.

  • Global Positioning System (GPS)

    A U.S.-owned utility that provides users with positioning, navigation, and timing (PNT) services. This system consists of three segments: the space segment, the control segment, and the user segment. The U.S. Air Force develops, maintains, and operates the space and control segments. (U.S. National Coordination Office for Space-Based PNT)

  • Globalization

    Oversees business expansion and operation on a world-wide level. The Internet and other technology developments have facilitated this concept. Specific to public procurement, purchasers are part of a global economic community and products and services are now provided globally.

  • GMIF


    See Also: Green Municipal Investment Fund (GMIF)

  • GNP


    See Also: Gross National Product (GNP)

  • Go, No-Go

    An evaluation technique that may be used to score proposals. It can be applied to major areas and elements of management, operational suitability, and other criteria, when identified for evaluation. Generally applied to technical and management areas.

  • Goals

    1. Observable end results that help to further define an organization by giving it direction. 2. A contract term often used in seeking MBE/WBE (Minority- and Women-Owned Business Enterprises) participation. A level of expectation that a supplier will make a good faith effort to achieve the predetermined percentage of this participation upon award.

    See Also: Set-Aside, Contract Goals

  • Golden Parachute

    A clause that is inserted in the contract of employment, generally for top management employees, that creates a financial package payable if the employee is dismissed and provides a measure of financial security. It may also protect the employee if mergers or takeovers take place or if the employee is dismissed due to poor corporate performance. (Business, 2002)

  • Goods

    Anything purchased other than services or real property. Objects that can satisfy people’s wants.

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