Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 291-300 of 2469 results

  • Buying Allowance

    A temporary price reduction to resellers for purchasing specified quantities of a product. (ISM Glossary, 2000)

  • Buying Behavior

    The decision processes and actions of people who purchase and use products and services. The underlying motivational rationale for an individual’s buying decision. (Business, 2002)

  • Buying In

    Knowingly submitting a proposal or bid below the supplier’s anticipated cost with the expectation of increasing the contract amount after award through unnecessary or overpriced change orders. Commonly referred to as “low balling” a price.

    See Also: Lowball

  • Buying Plan

    Defines the goods and services to be procured within a set time frame, usually on an annual basis, as well as the method of procurement that will be used to procure each good and service. Also called Procurement Plan.

  • By-Law

    Most commonly refers to a city or municipal law or ordinance, passed under the authority of a charter or provincial/state law specifying what things may be regulated by the municipality.

    See Also: Ordinances

  • C & F


    See Also: Cost and Freight (C & F)

  • C.P.M.


    See Also: Certified Purchasing Manager (C.P.M.)

  • C.P.P.


    See Also: Certified Professional Purchaser (C.P.P.)

  • Calendar of Events

    A chronology of dates that is significant to a project. (Harney, 1992)

  • Call up Number

    CANADIAN  The unique number of a requisition.

Advertisement

Advertisement