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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  • Consideration

    1. Something of value which is exchanged by two parties and which serves to form or bind a contract. 2. A type of mutual commitment that must exist to form an express contract. 3. That which is given or promised to bring a binding contract into existence.

  • Consignee

    A person, company, or government agency, usually the buyer, to whom goods are to be delivered by the consignor.

  • Consignment

    The goods or property shipped via a common carrier from one location to another.

  • Consignment Buying

    A method of procurement in which a supplier maintains inventory on the premises of the purchaser. The purchaser’s obligation to pay for the goods begins when goods are drawn from the stock/inventory. (ISM, 2000)

  • Consignor

    A person or company that ships goods to another (the shipper).

  • Consolidated Purchasing


    See Also: Joint Administrative Purchasing

  • Consolidator

    A carrier that collects small shipments from several shippers and consolidates them into larger shipments (truckloads, carloads, containers) for delivery to the consignee.

  • Consortium

    An association, typically of several companies. See also Cooperative Procurement. (OED Online)

    See Also: Cooperative Procurement (Purchasing)

  • Construction

    The process of utilizing labor to build, alter, repair, improve, or demolish any structure, building, or public improvement; generally does not apply to routine maintenance, repair, or operation (MRO) of existing real property.

  • Construction Management

    A method of acquiring construction in which the public agency contracts with a construction manager to assist in project design and construction. The construction manager may act as the agent for the government in assisting in the award of contracts for elements of the project. (Nash, Schooner, & O’Brien, 1998)

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