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: 2081-2090 of 2469 results

  • Service/Services Contract

    1. An agreement calling for a contractor’s time and effort. 2. The furnishing of labor, time, or effort by a contractor or supplier, which may involve to a lesser degree, the delivery or supply of products. The Uniform Commercial Code (UCC)/state commercial codes only apply to a procurement of a product, while state common law would apply if it is considered a procurement of a service.

  • Services

    CANADIAN Any professional or general service work performed that does not result in the delivery of goods or materials, e.g., repairs, training, surveys, consulting, etc.

  • Set-Aside

    An acquisition or procurement exclusively or partially reserved for the participation of small or minority business concerns or a special class of contractors.

    See Also: Goals, Contract Goals

  • Set-Off

    An agreement between two parties to balance one debt against another or a loss against a gain. May be used in construction contracting to minimize the cost of change orders or other unanticipated costs.

  • Set-Up Cost

    The cost incurred to change machine tooling or to change the production line to produce a different item or product.

  • Settlement Conference

    Involves a pre-trial conference conducted by a settlement judge or referee and attended by representatives for the opposing parties to reach a mutually acceptable settlement of the matter in dispute.

  • Shall

    Denotes the imperative in contract clauses or specifications.

    See Also: May

  • Shared Services

    An intergovernmental agreement for the provision of goods or services that is commonly used by two or more entities. The agreements are commonly created to address economic and logistical needs in an effective and efficient manner. Example: Municipal town agreement allows multiple towns’ residents access to an EMS (Emergency Medical Services) station that is shared across organizations.

    See Also: Intergovernmental Contract

  • Shareware

    Software that a user is permitted to download and use for a trial period, after which the user is asked to pay a fee to the author for continued use. (CompuServe, Inc. v. Patterson, 89 F.3d 1257, 1260 (6th Cir. 1996))

    See Also: Freeware

  • Sharp Practices

    The term typically is illustrated as evasion and indirect misrepresentation, just short of actual fraud. Unscrupulous practices that focus on short-term gains and ignore the long-term implications for a business relationship.

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