Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 171-180 of 2469 results

  • Award by Group

    A contract award that can be made to multiple suppliers based on the lowest total price for all items within a specific group. The public entity may group items by classification, commodity code, category, or geographic zone in its best interest. This method allows the public entity to target a logical grouping of bid items to a supplier for contract management purposes. Also known as Class Award.

  • Award Item by Item

    A contract award that may be made to multiple suppliers as each item is awarded typically on the basis of the lowest unit price when being utilized in the bid process. This method offers the best pricing to the public entity, but requires significant contract administration if multiple suppliers are selected for award. Also referred to as Line Item Award.

  • Award Protest

    A written objection made against the selection methods employed or decisions made by a public agency leading to the award of a contract or purchase.

    See Also: Protest, Bid Protest

  • Award Value

    CANADA The monetary amount of the contract, in Canadian dollars, when awarded.

  • B2B (Business to Business)

    Relationships, applications, marketing, and sales, often in large volume, that a business conducts with another business. B2B interactions often take place via the Internet.

  • Back Order

    1. The portion of an order that a supplier does not deliver at the scheduled time and has re-entered for shipment at a later date. 2. Items ordered but not shipped due to insufficient inventory or some other reason.

    See Also: Partial Shipment/Delivery

  • Back-Door Buying or Selling

    1. Unofficial, irregular, or devious buying or selling, usually resulting from undue efforts to induce preference for a particular supplier with the intent of limiting competition; unauthorized actions. 2. A direct marketing/sales effort to induce preference on the part of the program manager or requestor for a particular product, service, or seller with the intent to constrain competition. 3. Evasive actions taken by the seller to circumvent the purchasing department and agency rules and regulations trying to influence or sell directly to the agency’s internal end user/client department.

  • BAFO


    See Also: Best and Final Offer (BAFO)

  • Balance of Payments

    A summary record of a country’s international economic transactions in a given period of time. The difference between the flow of money into and out of a country. (Schiller, 2000)

  • Balance of Trade

    The part of a nation’s balance of payments that deals with imports and exports. (Schiller, 2000)

Advertisement

Advertisement