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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  • Completion Bond


    See Also: Performance Bond

  • Completion Payment

    Payment made upon successful completion of the work.

  • Compliance Audit

    An audit conducted to determine the degree of adherence to established laws, regulations, policies, and procedures relative to accounting, financial, and business processes.

  • Composite Sample

    A sample obtained by mixing together equal portions from several parts of the lot.

  • Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

    This Act defines hazardous waste as “toxic, ignitable, corrosive, or dangerously reactive substances.” Under the CERCLA, a “generator” is an organization that uses or produces hazardous waste. Federal law stipulates that generators are responsible for the safe use and handling from the time the hazardous waste is created until it is completely destroyed. This “cradle to grave” responsibility, which cannot be delegated, includes the packaging used to transport the materials. Under the CERCLA, a “shipper” is a transporter licensed by transportation departments of federal and state environmental protection agencies to dispose of hazardous waste. Example: The proper disposal of old automobile tires, automobile car batteries, fluorescent light tubes, personal computers, televisions, photocopy machines and other hazardous items. This law was originally created to tax the chemical and petroleum industries. The tax is used by a broad federal authority to clean up abandoned or uncontrolled hazardous waste sites. The law provides 1) short-term removal and 2) long-term remedy that permanently reduces danger. Also referred to as the Superfund.

  • Comptroller

    The individual within an organization who is responsible for the organization’s accounting and financial management functions.

  • Computer-Aided Design (CAD)

    The use of computer systems to assist in the design and development of products.

  • Computer-Aided Manufacturing (CAM)

    The use of computer systems to design, plan, and control manufacturing processes. (Burt, Dobler, & Starling, 2003)

  • Concealed Damage

    Damage that may occur during shipment of goods that is not apparent or noticeable at the time of receipt or acceptance.

  • Conceptual Skills

    The ability to think in abstract terms. (Ferrell & Hirt, 2003)

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