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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  • Concession Model

    Agency contracts with a person, group, or company to run a portion of a government-owned facility. Concessions may be related and ancillary to a Public-Private Partnership (P3).

    See Also: Public-Private Partnership (P3)

  • Conciliation

    A form of negotiation used in Alternative Dispute Resolution (ADR). It involves building a positive relationship between the parties to a dispute by using a third party or conciliator. Conciliation may assist in the settling of disputes that have reached an impasse.

  • Conditional Sale

    A sale made with the understanding that title will not pass from the supplier to the purchaser until some prerequisite condition has been met, although possession may be surrendered to the buyer.

  • Confidential Information

    Information, such as trade secrets or test data, which is made known only to those who need to know, only because of a compelling reason. Such information must be protected and is not a matter of public knowledge as may be allowed by public policy or law. Best practice would require that such information be clearly identified and labeled. (Harney, 1992)

    See Also: Proprietary (Information), Trade Secret

  • Confirmation Order

    A purchase order issued to a supplier, listing the commodities and terms of an order placed verbally, or otherwise, in advance of the issuance of the purchase order.

    See Also: Confirming Purchase Order

  • Confirming Purchase Order

    A purchase order issued after the fact restating the same terms originally placed orally, or by some other informal means.

    See Also: Confirmation Order

  • Conflict of Interest

    1. A situation that can undermine a person due to self interest and public interest. 2. A situation when parties discharge responsibility to a third party. (Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.)

  • Conflict Resolution

    A process leading to resolve a contractual conflict or opposition such as the public agency’s policy to try to resolve by mutual agreement all contractual issues in controversy. These procedures may include such actions as fact-finding, negotiation, facilitation, mini-trials, mediation, or arbitration.

  • Consequential Damages

    The loss of revenues and/or profits incurred by a purchaser as a result of a seller’s breach; may involve injury to a person or property, including loss of life or business. (ISM, 2000)

  • Consequentialism

    An ethical decision-making model which calls attention to all stakeholders and requires the decision maker to predict the likely results of an act and weigh the good it will produce against the harm it will cause.

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