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: 1451-1460 of 2469 results

  • Mistake of Law

    An error, not in the actual facts, but in their legal significance, relevance, or consequence, for which there is no relief from the Courts.

  • Misuse

    Improper or incorrect use of something of value that was intended for another purpose.

  • Mitigation

    The alleviation, reduction, abatement, or diminution of a penalty or punishment imposed by law. (Black's Law Dictionary, 1990)

  • Mixed Economy

    An economy that uses both market signals and government directives to allocate goods and resources. (Schiller, 2000)

  • Mobilization

    The initial effort to perform a construction contract by hiring necessary personnel and moving the required equipment and facilities on to the site of the work. Contracting agencies frequently include a separate bid line item for this effort on certain construction projects to permit the contractor to be paid promptly for this effort. (Nash, Schooner, & O’Brien, 1998)

    See Also: Demobilization

  • Mock-Up

    The model of a device or item of equipment, either full sized or built to scale, used for analysis, display, testing, or to study the details or features of design.

  • Mode

    The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs the most frequently. (Business, 2000)

  • Model Number

    An identification number assigned to describe a style or class of item, such as a particular design, composition, or function by the manufacturer or distributor of that item.

  • Model Procurement Code


    See Also: ABA Model Procurement Code for State and Local Government (U.S. Law)

  • Modification

    Any written alteration to a provision of any contract accomplished by mutual agreement of the parties to the contract.

    See Also: Change Order

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