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: 1491-1500 of 2469 results

  • National Association of State Procurement Officials (NASPO)

    A non-profit association dedicated to advancing public procurement through leadership, excellence, and integrity. It is made up of the directors of the central purchasing offices in each of the 50 states, the District of Columbia, and the territories of the United States. NASPO is an organization that helps its members achieve success as public procurement leaders through promotion of best practices, education, professional development, research, and innovative procurement strategies. (NASPO)

  • National Contract Management Association (NCMA)

    An organization composed of individuals who are engaged in public and commercial contracting through government agencies and companies or are in related fields of endeavor.

  • National Debt

    The accumulated debt of the Federal Government. (Schiller, 2000)

  • National Income

    The amount of aggregate income earned by suppliers of resources employed to produce GNP; net national product plus government subsidies minus indirect business taxes. (Schiller, 2000)

  • National Institute of Governmental Purchasing (NIGP)

    A national, membership-based non-profit organization developing, supporting and promoting the public procurement profession through premier educational and research programs, professional support, technical services and advocacy initiatives that benefit members and constituents since 1944.

  • National Institute of Governmental Purchasing Commodity/Service Code

    A numbering system developed by NIGP to identify goods and services purchased by public purchasing entities; serves as the cornerstone of an automated purchasing function, helps suppliers identify the goods and services to bid, and enables different jurisdictions to share purchasing information.

  • National Institute of Municipal Law Officers (NIMLO) Model Code

    A document prepared by the National Institute of Municipal Law Officers that includes standards against which a jurisdiction can compare its procurement laws.

  • National Institute of Standards and Technology (NIST)

    Established by Congress in 1901 and now part of the U.S. Department of Commerce, NIST is one of the nation's oldest physical science laboratories. Its mission is to foster innovation and build confidence in quantitative biology and biomaterial measurements across government and industry in support of the bio-economy. (NIST)

  • National Item Identification Number

    Digits 7 to 13 of a NATO stock number that are non-significant, but sequentially assigned by each National Codification Bureau to a unique item of supply.

  • National Motor Freight Classification (NMFC) Guide

    A list of all items, in theory, that could possibly be transported by a common carrier. The list of items then has a class associated with each item. The class is determined by storability, density, handling characteristics, and value of the item being shipped. Class (along with distance and weight) is used by the common carrier of the goods to determine the rate of the shipment.

    See Also: Class Rate

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