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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  • Environmentally Preferable Purchasing

    An attempt to address environmental challenges by taking advantage of government’s vast purchasing power to create strong markets for environmentally-friendly products and services. Purchasing goods and services in a way that does not harm the environment. Also known as green purchasing. (Martin & Miller, 2006)

    See Also: Sustainable Procurement

  • EOQ


    See Also: Economic Order Quantity (EOQ)

  • EPA


    See Also: Environmental Protection Agency (EPA)

  • EPP


    See Also: Environmentally Preferable Product (EPP)

  • eProcurement (Electronic Procurement)

    Conducting all or some of the procurement function over the Internet through point, click, buy, and ship Internet technology. Also called ePro. (Martin & Miller, 2006)

  • Equal (Employment) Opportunity (EEO)

    Policies and procedures of the jurisdiction to ensure non-discrimination and equal opportunity to all employees, especially women, minorities, and persons with disabilities. (Business, 2002)

  • Equal Employment Opportunity Commission

    A government agency with the power to investigate complaints of employment discrimination and power to sue firms that practice it. (Business, 2002)

  • Equal or Approved Equal

    Used to indicate that an item may be substituted for a required item if it is equal in quality, performance, and other characteristics. (NASPO, 2001)

  • Equilibrium Price

    The market clearing price at which the quantity demanded by buyers equals the quantity supplied by sellers. The point of intersection on a supply and demand curve. (Schiller, 2000)

  • Equipment

    Major items that are not expendable except through depreciation or wear and tear and which, although they may be fixed or positioned in prescribed places, do not lose their identity or become integral parts of other items or installations.

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