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: 2441-2450 of 2469 results

  • Waybill

    A transportation record which shows the origin of the shipment, its destination, and may contain other information such as route, consignor, consignee, description of the shipment, and the billing amount.

  • WBE


    See Also: Woman-Owned Business Enterprise (WBE)

  • Webcast

    Broadcast of an audio and/or video presentation over the Web in real time or on-demand.

  • Weight/Gross

    The total combined weight of an article, its shipping container, and packing material. (ISM, 2000)

  • Weight/Net

    The weight of an empty shipping container or the cargo of a transport vehicle. (ISM, 2000)

  • Weight/Tare

    The combined weight of an empty shipping container and packing materials. (ISM, 2000)

  • Weighted Average

    An average of quantities that have been adjusted by the addition of a statistical value to allow for their relative importance in a data set. (Business, 2002)

  • Weighted Point Method

    A methodology used to evaluate a proposal based on subjective criteria, each of which is assigned a point value.

  • Weighted-Point Method/Scoring

    A methodology used to evaluate a bid/proposal based on subjective criteria, each of which is assigned a point value. Evaluators may place different levels of importance on various factors that have been identified. Examples of criteria may include capacity to perform, past experience, financial strength, or references of previous work. Fixed weights and variable weights are the two most common forms of weighting systems.

  • Welfare Programs

    Socio-economic programs that are means-tested income transfer programs, e.g., welfare and food stamps. (Schiller, 2000)

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