Dictionary of Procurement Terms

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  • Disposable Income

    After tax income of households; personal income less personal taxes. (Schiller, 2000)

  • Disposal

    1. To remove an item of inventory or a capital asset from an organization in accordance with disposal and accounting procedures. 2. The disposition of assets or inventory.

  • Disposal Cost

    The expense of removing inventory or assets from an organization. (ISM, 2000)

  • Disposal Value

    1. The estimated value of excess or surplus property prior to actual disposal. 2. The proceeds obtained from a sale of surplus property.

  • Disposition

    Transferring, trading-in, selling, or destroying goods that are excess property, surplus property, or scrap.

  • Dispute

    A contractual disagreement or misunderstanding between contracting parties specific to contract provisions or language. Contract remedies are normally sought through pre-established administrative procedures. When a resolution cannot be achieved, the parties may resort to alternative dispute resolution or litigation.

    See Also: Protest

  • Dispute Panels

    A form of Alternative Dispute Resolution (ADR) that uses one or more neutral or impartial individuals who are available to the parties as a means to clarify misperceptions, fill in information gaps, or resolve differences over data or facts.

  • Disputes Resolution Officer (DRO)

    Designated individual within the agency to resolve business disputes between the agency and its bidders, proposers, and responders.

  • Distance Learning

    Also known as eLearning or online training. Taking a class or obtaining training via the Internet. Classes may be sponsored by a university, college, or other educational venue. ISM and NIGP provide distance learning classes for professional development. (Martin & Miller, 2006)

  • Distribution

    1. The movement of goods from the seller to the buyer. 2. The logistical aspects involved in the transfer of goods from manufacturer to end user.

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