Dictionary of Procurement Terms

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  • Contract, Amended Amount

    CANADIAN Total cost in Canadian dollars of the Contract reflecting the cumulative impact of the original amount and all Contract amendments.

  • Contracted Delivery Date

    CANADIAN The date agreed to under the Terms and Conditions of a Contract.

  • Contracting Authority

    The authority delegated to persons for entering into and approving contracts and arrangements.

  • Contracting Officer

    A person with the authority to enter into, administer, and/or terminate contracts, and make related determinations and findings.

  • Contracting Out

    The process of establishing contracts with private suppliers to provide a product, service, or business process that was previously provided by the entity’s internal (in-house) resources. The entity maintains responsibility for the provision of the product, service, or business process.

    See Also: Insourcing (in-house), Outsourcing

  • Contractor

    Any individual or business having a contract with a governmental body to furnish goods, services, or construction for an agreed-upon price.

  • Contracts Canada

    CANADIAN An inter-departmental initiative to improve Supplier and Buyer awareness and simplify access to Federal Government purchasing information.

  • Contractual Arrangement

    CANADA An agreement between a contracting authority and entity of the Crown to provide a good, perform a service, construct a work, or to lease real property for appropriate consideration. These types of agreements are not contracts in the true sense, but are still subject to certain limits or constraints imposed by the Treasury Board.

  • Controlled Items

    Items that require special controls beyond those normally employed.

  • Convenience Product

    A relatively inexpensive, frequently purchased item for which buyers want to exert only minimum effort to obtain. (Schiller, 2000)

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