Dictionary of Procurement Terms

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  • Crown Property

    CANADA Property to which title is vested in the Crown, i.e., federal, territorial, and provincial governments.

  • Crowson Decision

    City of Richmond v. J.A. Crowson Co. was a legal case in 1989 in which the United States Supreme Court held that the City of Richmond Virginia’s minority set-aside program, giving preference to minority business enterprises (MBE) in the awarding of municipal contracts, was unconstitutional under the Equal Protection Clause. This court case prompted public sector agencies to move toward using the term “contract goals” in its construction projects in seeking a good faith effort on the part of the prime contractor to have a certain level of minority subcontracting participation in the project.

  • CSG


    See Also: Council of State Governments (CSG)

  • CSIG


    See Also: United Nations’ Convention on Contracts for the International Sale of Goods (CISG)

  • Cultural Diversity

    Ethnic, gender, racial, and socioeconomic variety in a situation, institution, or group; the coexistence of different ethnic, gender, racial, and socioeconomic groups within one social unit. (Dictionary, 2015)

  • Cumulative Average Cost Curve

    Used in price and cost analysis, this curve plots cumulative units produced against the average direct labor cost or average labor hours required per unit for all units produced. (Schiller, 2000)

  • Cure Notice

    A written notice that is issued to correct poor contractor performance. It documents performance issues and provides the contractor with an opportunity to remedy the situation.

  • Cure Period

    Following the issuance of a cure notice, the time allowed for the defaulting party of a contract to resolve the specified delinquency or default.

  • Currency Depreciation

    A fall in the price of one currency relative to another. (Business, 2002)

  • Currency Devaluation

    The reduction of the value of a nation’s currency relative to the currency of other countries. (Business, 2002)

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