Glossary of procurement terms wisconsin department of. Glossary of commonly used procurement terms page 3 of 10 pnppsgglossary. Glossary of purchasing and warehouse inventory terms. Documented quotes are attached to a properly submitted purchase. To download the whole procurement glossary in a pdf format, please enter your email address and we will send it over. A contract made following a formal tendering process with one or more contractors, suppliers or service providers for a defined range of works, goods or services. The directive came into force on 31st january 2006.
Welcome to the nigp online dictionary of procurement terms, the comprehensive reference for public purchasing terms and concepts. Procurement process a term used in the governmental sector for the combined functions of acquiring purchasing needed goods andor services, receiving and inspection, inventory disposalsurplus. A long term agreement for the purchase of goods and services from a supplier. Pdf the growing awareness of public procurement as an innovation policy tool has recently sparked the interest of both policy makers and. Glossary of political terms republican party of texas. An enterprisewide, integrated system for managing business processes across multiple disciplines and locations. A preprinted form, which incorporates the councils terms and conditions of purchase, used to place an order with a supplier. The glossary of terms was updated reflecting the procurement networks agreed harmonized definitions for procurement related terms. Authority is generally based on the perception that a person has been officially empowered to issue binding orders. Glossary of terms used for health impact assessment hia. This is a consolidated directive which sets out the europewide rules for public procurement in the three areas of works, supplies and services. Glossary of procurement terminology and definitions zycus. White settlement independent school district glossary of.
Glossary of procurement terms page 2 of 11 issue date. Some terms, such as united states, have multiple definitions. Procurement related terms used in the public procurement procedures handbook shall have the meaning as indicated in this glossary of terms applicable to both part i and part ii of the handbook. Project management glossary terms usaid learning lab. Bailment contract a type of interagency procurement where a servicing agency performs procurement activities on a requesting agencys behalf, such as awarding and administering a contract, task order, or delivery order. Appraisal assessment appraisal or assessment follows on from the scoping stage of a hia, where the potential health. Bid bond an assurance of performance provided by a contractor guaranteeing the contractor will enter into a contract with the purchaser within a specified period of time. Procurement file a file either electronic or hard copy that contains all information and documentation relevant to a procurement project. Glossary of terms aggregation adding together the value of separate contracts for the same supply andor. Avestra capital pty ltd avestra afsl 292464, and ste, as corporate authorized representative of avestra, disclaims all liability of avestra, ste and its associates for any loss or damage suffered by any person by reason of the use by that. Bureau of procurement commonly used procurement acronyms page 2 of 5 acronym meaning erp enterprise resource planning. A final stage of the procurement proceedings regulated by the model law, resulting in the conclusion and entry into force of a procurement contract or framework agreement between the procuring entity and selected suppliers or contractors. Section ii comprises information on the national procurement policy from the general.
Glossary of terms an arbitrary action is an action not based on reason or judgment but on personal will or discretion without regard to rules or standards. Additionally, this glossary may be a valuable resource for educating key stakeholders. Stationery office which was released on 01 january 1981. Glossary of procurement terms arbitration award best and final offer bid bid security bid bond bidder, proposer, offeror bill of lading bill of quantities. United states is defined 11 different ways in the far, due to how it is defined in various pieces of legislation. For the explanation of the terms procurement contract.
Download the procurement practitioners handbook on your. Explore each definition and all of the related terms to become an expert. The objective of this glossary is to provide our clients with a useful reference guide to the language of commodity trading and risk management. Glossary of procurement terms namibian ports authority. Oecd survey on public procurement glossary of key terms public procurement is the purchase by governments and stateowned enterprises of goods, services and works. Faa federal aviation administration fhwa federal highway administration fmp fair market price. Glossary of training terms written by great britain. A bid bond is a written guarantee from a third party guarantor usually a bank or an insurance company submitted by a contractor bidder with a bid. Glossary of procurement terms state procurement board. This glossary provides definitions for terms related to sap ariba solutions and functionality. Select a letter from the index below to see the glossary items beginning with that letter. Glossary of purchasing and warehouse inventory terms standard.
Some of those definitions differ from the ones contained in the glossary. Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. Procurement glossary glossary of procurement terminology. Glossary of terms for public procurement updated march 2012 200418ec the updated eu procurement directive. The glossary of procurement terms is aimed at helping buyers and bidders alike with the basic procurement terminology used in the procurement process.
The tendering for care glossary of terms for public. Central office role in eprocurement ariba that allows specific people within procurement services to verify the name and tax id number of all p2i payment to individual payments with the irs. Defense acquisition acronyms and terms contains most acronyms, abbreviations, and terms commonly used in the systems acquisition process within the department of defense dod and defense industries. Procurement terminology for suppliers and procurement professionals.
The act of accepting by an authorized representative. Glossary of terms and acronyms continued operation phakisa operation phakisa, an initiative of the south african government, was designed to fast track the implementation of solutions on critical development issues in various sectors of the economy. View download here the public procurement procedures handbook glossary of terms pdf file. Oct 30, 2020 the terms purchasing and procurement are often used, incorrectly, interchangeably. Glossary of commonly used procurement terms office of. Some ogs information technology product contracts contain a 20% rule. Glossary of procurementrelated terms used in the 2011. Authority the ability to get other people to act based on your decisions. The procurement targets given by the mining charter apply to procurement that excludes nondiscretionary procurement expenditure, which is defined as expenditure that cannot be influenced by a mining company, such as procurement from the public sector and state enterprises. Glossary of terms 2017 sustainable construction a building or construction that is environmentally responsible and resource efficient throughout its lifecycle from design to construction, operation, maintenance, renovation, and demolition. It focuses on terms with generic dod application but also includes some serviceunique terms. The purpose of this ne editiow ins to keep the entries current with the. Glossary of procurement terms bid an offer made by vendor for a good and or service.
Procurement regulations, as well as a glossary of terms used in the field of procurement that are set out by the law and shall apply to this procurement manual. Glossary of procurement terms page 4 of 8 updated october 3, 2012 commonly for standard, off the shelf items, items built to known specifications, items required in small quantities, or services that can be performed within a calendar year and fall below the standard purchase level. Glossary of commonly used procurement terms office of general. The procurement practioners handbook is available as a pdf version. Cscmps definition of supply chain management supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Standard terminology and definitions relating to purchasing and warehouse inventory systems. When making any purchase from these awards, it is required that the authorized user solicit best and final offers from all contractors for the applicable region. Acquisition the act of acquiring goods and services including construction for the use of a governmental activity through purchase, rent, or lease. Glossary of purchasing and warehouse inventory terms standard terminology and definitions relating to purchasing and warehouse inventory systems access spacean aisle used to gain access to facings, slots or stacks. A formal modification or change of a material term, such as the term, cost, or scope of work, in one or more provisions of an existing contract. Procurement glossary revised 562016 page 1 19 09 905 order. Public procurement procedures handbookpublic procurement procedures handbook glossary of termsglossary of terms whenever used in this handbook, each of the following terms shall have the indicated meaning, unless the context within which such a term appears clearly intends another meaning. Download glossary of training terms book pdf epub mobi tuebl. A procurement procedure which can be used by public sector buyers to procure goods or services.
Public procurement procedures handbook procurement portal. In each entry, boldface indicates terms for which the entry provides the prin cipal discussion. All laws, requirements, and conditions associated with a contract or purchase order p. Cscmp and the board of directors, comprised of industry experts, created official definitions for the following terms. Importantly, and distinct from purchasing, procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts. Ballot integrity committees are often put together at the state and local levels, and send volunteers to monitor polling places. Glossary of common procurement terms office of state procurement.
Oecd survey on public procurement glossary of key terms. Open procedure one of the procedures for procurement under the eu directives, under which all eligible applicants are invited to tender in a onestage procurement process. Public procurement procedures handbook final version january. Accountable stockmaterials designated for inventory and some control of issue andor access. Glossary of political terms ballot integrity ballot integrity efforts are those which ensure that proper voting rules and procedures are maintained at polling places, in order to prevent fraudulent voting. Glossary of terms ix part ipart i guidelines on government procurement procedures forguidelines on government procurement procedures for the the. In 2012, the procurement networks working group on harmonization moved the original procurement practitioners handbook to this platform, leaving the main content untouched. Here are some of the basic terms and a brief definition of each. Glossary of terms used for health impact assessment hia special thanks to ruth barnes and the health development agency hda for creating this glossary. Supply chain management terms terms used in purchasing.
Alternate routings may be maintained in the computer or offline via manual methods. The glossary of terms provides you with a comprehensive listing of current logistics and supply. Glossary of procurement terms advertising a form of public notice of an intended purchase. Other words and terms may be defined for a particular part, subpart or section. Addendum is an addition or supplement to a document. Words and terms shall have the same meaning as defined in title 18, chapter 4, montana code annotated 2017 mca, and, unless the context clearly requires otherwise or a different meaning is prescribed for a particular rule, the following definitions apply. Further aspects are safety and wel lbeing as well as the economic viability. Allornone bid a bid submitted for a number of different items, services, etc. The terms and definitions found in this glossary relate to procurement. Procurement and supply terminology for suppliers and procurement professionals.
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