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: 101-107 of 107 results for “D”
  • Due Diligence

    Reasonable caution and care performed before finalizing a procurement or taking action in the course of managing an entity business project to demonstrate transparency and mitigate risk.
  • Due Process of Law

    The legal principle of fair treatment that states a citizen cannot be denied life, property, or liberty or a business will not be treated arbitrarily or unfairly without appropriate safeguards and legal procedures found in the Fifth and Fourteenth Amendments to the U.S. Constitution.
  • Dumping

    Occurs when a business or country exports a large quantity of goods at a lower price in a foreign market than the price in the home market.
  • Durable

    A category of consumer goods that do not wear out quickly, typically lasting for three years or more.
  • Dutch Auction

    A public auctioning structure in which the initial price is in excess of the amount buyers are expected to be willing to pay. Price is then lowered in steps until a buyer is found who is willing to pay the current price offered.
  • Dutiable Good

    Imported or exported good upon which duties are to be imposed.
  • Duty

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