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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  • Conversion

    The transformation of materials into economic goods and services. Manufacturing is a conversion activity. (Schiller, 2000)

  • Conversion Costs (One-Time Conversion Costs)

    Costs that are incurred due to change in service delivery from in-house to a privatized contract. They may be either personnel related or material related. Personnel related costs can include accrued annual and sick leave benefits owed public employees and any other severance type costs. Material related costs can include costs associated with the preparation and transfer of facilities or equipment to the contractor or other costs such as penalties for terminating leases and the costs of maintaining underutilized facilities or equipment until they are sold or leased.

  • Convertibility

    The ability to exchange a country’s currency for currencies of other nations. (Schiller, 2000)

  • Conveyance

    1. A formal written instrument, usually called a deed, by which title or other interest in real property is transferred from one person to another. 2. A means of transporting goods or people; a carrier such as a railroad, car, truck, vessel, barge, or airplane.

  • COOP


    See Also: Continuity of Operations Plan (COOP)

  • Cooperative Agreement

    A federal grant to support a joint federal/state program in which the grantor (Federal Government) and the grantee (state government) share in the management decisions about the funded activity.

  • Cooperative Problem-Solving

    An alternative dispute resolution (ADR) technique, which is one of the most basic methods of dispute resolution. This informal process usually does not use the services of a third party and typically takes place when the concerned parties agree to resolve a question or issue of mutual concern. It is a positive effort by the parties to collaborate rather than compete to resolve a dispute.

  • Cooperative Procurement (Purchasing)

    1. The action taken when two or more entities combine their requirements to obtain advantages of volume purchases, including administrative savings and other benefits. 2. A variety of arrangements, whereby two or more public procurement entities (or agencies) purchase from the same supplier or multiple suppliers using a single Invitation for Bids (IFB) or Request for Proposals (RFP). 3. Cooperative procurement efforts may result in contracts that other entities may “piggyback.”

    See Also: Consortium

  • Cooperative Supply

    CANADIAN Federal, provincial, or local governments may, where it is advantageous for them to do so, provide goods and services to each other.

  • Copyright

    1. A form of protection provided by the laws of the United States for "original works of authorship", including literary, dramatic, musical, architectural, cartographic, choreographic, pantomimic, pictorial, graphic, sculptural, and audiovisual creations. (U.S.L.O.C., 2016) 2. The exclusive right given by law for a certain term of years to an author, composer, designer, etc. (or his assignee), to print, publish, and sell copies of his original work. (OED Online) 3. CANADA An exclusive statutory right of those such as authors, publishers, and composers to control the publication/dispositions of their works of art, literature, music, films, pictures, etc., which is protected by the Copyright Act of Canada. (Canada, SACC, 2015)

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