Dictionary of Procurement Terms

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Search Results: 1241-1250 of 2469 results

  • IRI


    See Also: Investment Recovery Initiatives (IRI)

  • Irregularities and Informalities

    Defects or minor non-compliance contained within a response to a Bid. A defect which is easily correctable. Deviations from the exact requirements of the Solicitation that do not affect the price, terms, or conditions of the Bid document. A minor informality or irregularity is one that is merely a matter of form and not of substance, or pertains to some immaterial or inconsequential defect or variation of a Bid from the exact requirement of the IFB, the correction or waiver of which would not be prejudicial to other Bidders. Example: Failure to execute a required certificate. Also see Informalities/Irregularities.

    See Also: Informalities/Irregularities

  • ISM


    See Also: Institute of Supply Management (ISM)

  • ISO


    See Also: International Organization for Standardization (ISO)

  • ISO 9000, ISO 14000

    Families of standards and guidelines relating to quality management systems and processes. ISO 9000 is primarily concerned with quality; ISO 14000 is primarily concerned with environmental management. Developed by the International Organization for Standardization. (ISM, 2000)

  • Issue

    CANADIAN The release of materiel pursuant to a properly authorized requisition or instruction.

  • ITB

    UPPCC Style Guidelines for CPPO and CPPB ​examinations list Invitation for Bids (IFB) as the preferred term.

    See Also: Invitation for Bids (IFB)

  • Item Description

    CANADIAN The minimum data necessary to establish the identity of an item of supply for material management purposes.

  • ITN


    See Also: Invitation to Negotiate (ITN)

  • ITT


    See Also: Invitation to Tender (ITT)

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