Dictionary of Procurement Terms

1. A formal written instrument, usually called a deed, by which title or other interest in real property is transferred from one person to another or from the owner to another person or entity. 2. A means of transporting goods or people.

A federal grant that supports a joint federal/state program in which the grantor (federal government) and the grantee (state government) share in the management decisions about the funded activity.

An alternative dispute resolution (ADR) technique that does not use a third party and typically takes place when the concerned parties agree to resolve a question or issue of mutual concern.

1. The action taken when two or more entities combine their requirements to obtain the advantages of volume purchases, including administrative savings and other benefits. 2. A variety of arrangements, whereby two or more public procurement entities purchase from the same supplier or multiple suppliers using a single Invitation for Bids (IFB) or Request for Proposals (RFP). Cooperative procurement efforts may result in contracts that other entities may “piggyback.” See also: Consortium.

1. A form of protection provided by U.S. law to the authors of "original works of authorship" fixed in any tangible medium of expression. (USPTO 2021) 2. The exclusive right given by law for a certain term of years to an author, composer, designer, etc. (or their assignee), to print, publish, and sell copies of their original work. (OED Online) 3. CANADA An exclusive statutory right of authors, publishers, and composers to control the publication/dispositions of their works of art, literature, music, film, pictures, etc. that are protected by the Copyright Act of Canada. (Canada, SACC 2015)

A defining capability that distinguishes a person, entity, or supplier from others.

A bond issued by a business and sold to investors as a type of debt security that is backed by the financial security of a business.

A written document by the founders of a business detailing the business' major components (e.g., structure, objectives, planned operations). In the U.S. a corporate charter is filed with the secretary of state; in Canada it is filed with the registrar.

The behaviors and beliefs held by a business that influence how its management and employees interact with each other and its customers.