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: 1841-1850 of 2469 results

  • Public Good

    A product or service that is provided to an individual or a group of individuals for the benefit of many. (Schiller, 2000)

  • Public Law

    A general classification of law, consisting generally of constitutional, administrative, criminal, and international law, concerned with the organization of the state, the relations between the state and the people who compose it, the responsibilities of the public officers to the state, to each other, and to private persons, and the relations of states to one another. (Black's Law, Fifth Edition)

  • Public Management

    The process of planning, organizing, staffing, and executing the use of people, time, and fiscal resources for the purpose of providing goods, services, and protection valued by the citizens of the entity in response to the laws and regulations of the governing body.

  • Public Notice

    An announcement made by a public agency concerning a solicitation or other information of general public interest. Usually placed in a newspaper of general circulation, a web-site, circular, magazine, or other vehicle of general publication. Must comply with legal requirements of the jurisdiction.

  • Public Policy

    1. The governing policy within a community as embodied in its legislative and judicial enactments which serve as a basis for determining what acts are to be regarded as contrary to the public good; 2. The principle of law by virtue of which acts contrary to the public good are held invalid. (Merriam-Webster Dictionary)

  • Public Procurement

    The designated legal authority to advise, plan, obtain, deliver, and evaluate a government’s expenditures on goods and services that are used to fulfill stated objectives, obligations, and activities in pursuit of desired policy outcomes.

  • Public Procurement Process Model

    An integrated public procurement planning model that consists of four stages: Planning, formalization, implementation, and evaluation.

  • Public Procurement Unit (PPU)

    Local public procurement unit; external procurement activity (any buying organization not located in the state, which, if located in this state, would qualify as a public procurement unit); state public procurement unit; Federal Government; and any not-for-profit entity comprised of more than one of the above. (ABA Model Procurement Code, 2000)

  • Public Property

    All property, other than money, belonging to the public entity.

  • Public Purchasing

    The processes utilized by public entities for the procurement of construction, supplies, materials, and services at the most favorable overall total cost through the utilization of accepted practices that encourage competition, including best value and quality considerations, thus ensuring that the public good is best served.

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