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: 1951-1960 of 2469 results

  • Rejection

    Refusal of a delivered supply or service that does not meet contract specifications or requirements.

  • Relationships (between Buyer and Seller)

    See Buyer-Seller Relationships.

  • Relative Price

    The price of one good in comparison with the price of other goods. A key component of benchmarking. (Bishop, 2004)

  • Remanufactured Product

    Any product diverted from the supply of discarded materials by refurbishing and marketing said product without substantial change to its original form. (Burt, Dobler, & Starling, 2003)

  • Remedial Training

    A technique utilized to improve or upgrade an individual’s knowledge and skills when job performance is not meeting predetermined expectations.

  • Remedy

    The means by which a contractual right or obligation is enforced or the violation of such a right is prevented, reduced, or compensated. Remedies may be defined in the contract, by agreement between the parties such as by accord and satisfaction, by arbitration, by operation of law, or judicial remedy such as by action or suit.

  • Renegotiation

    Deliberation, discussion, or conference to change or amend the terms of an existing agreement.

  • Rent

    A contract giving the right to use real estate or property for a specified time in return for monetary compensation. (Business, 2002)

  • Repair and Overhaul

    CANADIAN The repair of an item of equipment to return it to serviceable condition; overhaul may or may not coincide with repair.

  • Repair Work Order

    CANADIAN A document describing the repair activities required for one or more materiel items.

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