Dictionary of Procurement Terms

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Search Results: 1541-1550 of 2469 results

  • Non-Expendable (Items or Supplies)

    Supplies that are not consumed during use or that do not lose their identity during use.

  • Non-Responsible (Bid)

    A contractor, business entity, or individual that responds to a solicitation that does not have the ability or capability to fully perform the requirements of the solicitation. A business entity or individual who does not possess the integrity and reliability to assure contractual performance.

  • Non-Responsive (Bid)

    A response to a solicitation that does not conform to the mandatory or essential requirements contained in the solicitation.

  • Non-Stocked Item

    CANADIAN An item that is not held in a supply system inventory for issue to customers when ordered, but which may be obtained on demand.

  • Non-Waiver Agreement

    A written agreement signed by the parties to the agreement that they understand the agreement in its entirety and nothing shall be deemed to constitute a waiver of the agreement.

  • Nonperforming Asset

    An accounting term that refers to an asset that is not producing income. (Business, 2002)

  • Nonrecurring Costs

    Costs that are incurred by a contractor/supplier at the beginning of the contract and are not expected to recur on future work. Certain non-recurring costs may be recoverable upon cancellation of a multi-year contract provided they have been addressed in the contract documents. Examples of nonrecurring costs include special tooling, plant relocation, and workforce training. (Nash, Schooner, & O’Brien, 1998)

  • Norm

    Informal, unstated rules that govern and regulate group behavior. (Ferrell & Hirt, 2002)

    See Also: Ethics

  • Normal Inspection

    Type of examination used when there is no statistically significant evidence that the quality of the product being submitted is better or poorer than the specified quality level.

  • Normative Economics

    Considers “what ought to be”—value judgments, or goals of public policy. (Schiller, 2000)

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