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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  • Design-Build-Finance-Operate

    An Alternate Project Delivery Method (ADPM) demonstrating a design-build concept where the owner and designer/contractor work as a team to ensure that the owner’s requirements are met during design and construction. A complex and innovative approach developed through Public-Private Partnerships in which there is much greater involvement of private financing and that often combines construction and management or operations contracts.

  • Designation of Special Purpose

    Identifies items created by modification of standard commercial products to meet special needs, such as equipment modified to meet the needs of the physically challenged.

  • Designee

    A duly authorized representative.

  • Destination

    The place to which a shipment is consigned. The final delivery point to which a shipment is routed. A delivery point where title passes from seller to buyer.

  • Detailed-Item Description Code

    Part II of the NIGP Commodity/Service Code, which expands the class-item code into 11 digits with more than 140,000 item descriptions; used in the areas of inventory, warehousing, and cooperative purchasing operations.

  • Determination and Findings

    A legal document prepared by a purchasing official to justify a decision to take a certain action; includes conclusion, or determination, and the reason or findings of fact.

  • Devaluation

    An abrupt depreciation of a currency whose value was fixed or managed by a government. An indicator of a troubled economy. (Schiller, 2000)

  • Dictum Meum Pactum

    Latin phrase that means, “My word is my bond.” It reflects the public trust of those in positions of authority in public procurement. (Martin & Miller, 2006)

  • Differential Exchange Rates

    Different exchange rates imposed by a country’s government depending upon the nature of the goods imported. (ISM, 2000)

  • Digital Signature

    A digital code (generated and authenticated by public key encryption) that is attached to an electronically transmitted document to verify its contents and the sender’s identity. See also electronic signature. (Oxford Dictionaries, 2015)

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