Dictionary of Procurement Terms

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Search Results: 2341-2350 of 2469 results

  • Unemployment Rate

    The proportion of the labor force that is unemployed. (Schiller, 2000)

  • Unfair Competitive Advantage

    Government action that provides for an advantage of one competitor over other competitors. For example, an unfair competitive advantage may exist when a contractor competing for an award possesses proprietary information that was wrongfully obtained from the government without proper authorization. Occurs when a contractor gains exclusive access to information, not available to other contractor/competitors.

  • Uniform Administrative Requirements for Grants in Aid to States and Local Governments

    Document issued by the Office of Management and Budget (OMB) in 1988 to establish uniform administration rules for federal grants and cooperative agreements.

    See Also: OMB Circular A-102

  • Uniform Code Council Inc.


    See Also: GS1 US BarCodes

  • Uniform Commercial Code (UCC) (U.S. Law)

    First published in 1952, it was formulated by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute. It covers a wide range of commercial activities. The UCC does NOT apply to the purchase of services and is not applicable to federal government contracting. The UCC determines rights and obligations on the basis of fairness and reasonableness in the light of accepted business practice. The UCC has been adopted by all of the States. 2003 marked the conclusion of a fifteen-year-long process of re-writing the UCC. In that period, every article was either completely revised or substantially amended. The most important part of the UCC for the public purchasing officials is Article 2, entitled “Sale of Goods.” Absent a specific state or federal statute or administrative regulation, Article 2 will govern the public purchasing official’s contract for the sale of goods.

  • Uniform Freight Classification

    Governs class rates for rail transportation.

    See Also: Class Rate

  • Uniform Mediation Act (UMA)

    Adopted by the National Conference of Commissioners on Uniform State Laws on February 4, 2002. The UMA was promulgated to harmonize the proliferation of state and local mediation laws in hopes of devising a uniform law that will be adopted by the states.

  • Unilateral

    1. One-sided. 2. A procurement action initiated by one party. 3. Involving or affecting only one side or one party.

  • Unilateral Modification (of a Contract)

    The right of one party to a contract to change the contract pursuant to the change clause of a contract. A unilateral modification may occur for two reasons: 1. The right to unilaterally modify the contract has been given to the public agency in the contract itself, or 2. The modification is for a minor purpose.

    See Also: Bilateral Modification (of a Contract)

  • Uninsurable Risk

    A risk that insurance firms will not assume. When the risk cannot be transferred to a surety, supply management personnel need to confer with an insurance professional or a risk manager. (Business, 2002)

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