Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Piggyback (Piggyback Cooperatives)”
  • Piggyback (Piggyback Cooperatives)

    A form of intergovernmental cooperative purchasing in which an entity will be extended the pricing and terms of a contract entered into by a larger entity. Generally, a larger entity will competitively award a contract that will include language allowing for other entities to utilize the contract which may be to their advantage in terms of pricing, thereby gaining economies of scale that they normally would not receive if they competed on their own.

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