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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Search Results: 771-780 of 2469 results

  • Due Diligence

    A business and legal term which refers to research and inquiry made prior to committing to a purchase or making a major business decision. A thorough investigation into the performance and background of a business entity prior to making a decision to purchase. (Business, 2002)

  • Due Process of Law

    1. The constitutional guarantee of due process of law, found in the Fifth and Fourteenth Amendments to the U.S. Constitution, that prohibits all levels of government from arbitrarily or unfairly depriving individuals of their basic constitutional rights to life, liberty, and property. 2. In government contracting, the issue of due process arises whenever a contractor claims that it has been denied a liberty or property right without proper procedures. (Nash et al., 2007)

  • Dues In

    CANADIAN The recorded quantity of an item to be received from all outstanding procurement documents, and all materiel expected to be returned.

  • Dues Out

    CANADIAN The recorded quantity of an item to be issued on receipt of issuable materiel.

  • Dumping

    Exportation of large quantities of a product at a price lower than that of the same product in the home market. The sale of goods in export markets at prices below domestic prices. (ISM, 2000)

  • Durables

    Consumer goods expected to last longer than three years. (Schiller, 2000)

  • Dutch Auction

    A method of selling in which the price is reduced until a buyer is found. (Oxford Dictionaries, 2015)

  • Dutiable Goods

    Imported or exported goods upon which duties are to be imposed.

  • Duties

    Customs charges imposed on taking articles out of, or into, a country.

  • Earned Value Management

    An integrated management tool that examines cost, progress, and the original project schedule to determine variances from planned profiles. Its purpose is to allow for the prediction, with some degree of certainty, actual cost and schedule at completion of a project, given cost and progress at certain intervals of contract performance.

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