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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  • Certificate of Origin

    A document required by customs officials that identifies the country of origin of the imported goods, and is certified by a U.S. consular official.

  • Certificates of Deposits (CDs)

    Savings accounts that guarantee a depositor a set interest rate over a specified interval as long as the funds are not withdrawn before the end of the period—generally, six months or one to five years. (Business, 2002)

  • Certification of Cost and Pricing Data

    Contractor certification that to the best of the contractor’s knowledge and belief, the cost or pricing data submitted was accurate, complete, and current as of a mutually determined date prior to the date of the pricing of any contract, change order, or modification.

  • Certified Check

    A financial instrument whose value is guaranteed by the financial institution upon which the check is drawn. In some cases, may be used in lieu of a bid bond as a form of bid guarantee.

  • Certified Professional Contracts Manager (CPCM)

    A certification issued to qualified individuals by the National Contract Management Association.

  • Certified Professional in Supply Management (CPSM)

    A certification issued to qualified individuals by the Institute of Supply Management (ISM). The Certified Professional in Supply Management (CPSM) designation is an enhanced designation for supply management professionals, and replaces the former Certified Purchasing Manager (C.P.M.) designation.

  • Certified Professional Public Buyer (CPPB)

    A designation offered by the Universal Public Procurement Certification Council (UPPCC) to individuals who have demonstrated prescribed levels of professional competency.

  • Certified Professional Purchaser (C.P.P.)

    A designation issued by the Purchasing Management Association of Canada (PMAC), before PMAC and Supply Chain & Logistics Association Canada (SCL) became the Supply Chain Management Association (SCMA), to those who have achieved specified professional qualifications. The C.P.P. has been replaced by the Supply Chain Management Professional (SCMP) designation.

  • Certified Public Procurement Officer (CPPO)

    The Universal Public Procurement Certification Council (UPPCC) program is applicable to all-public and/or governmental organizations and agencies. The Certified Public Procurement Officer (CPPO) designation applies to individuals who have demonstrated prescribed levels of professional competency as a buyer in public and governmental purchasing, and have met the additional managerial function requirement for CPPO. Realizing that procurement standards and norms should be the same in all public purchasing environments, the UPPCC certification programs have been established to meet the requirements of all public purchasing personnel in federal, state, and local governments. (UPPCC, 2015)

  • Certified Purchasing Manager (C.P.M.)

    The Certified Purchasing Manager (C.P.M.) is no longer available for testing and has transitioned into recertification-only status. Those already holding the C.P.M. designation may continue to apply for recertification or lifetime recertification. If a C.P.M. certification lapses beyond the one year grace period, it cannot be reinstated. (ISM, C.P.M., 2015)

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