Dictionary of Procurement Terms

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Search Results: 21-30 of 107 results for “D”
  • Defects-Per-Hundred Units

    The number of defects found in any quantity of a product, divided by the total number of units, then multiplied by one hundred; the average number of defects per hundred.
  • Defense Acquisition Regulations (DAR)

    A subset of the Federal Acquisition Regulations (FAR) that directly apply to the U.S. Department of Defense (DOD).
  • Deficit Spending

    Government spending in excess of the revenues collected or budgeted during a given fiscal year.
  • Definite Delivery

    Terms utilized when a specific requirement quantity and delivery date have been established.
  • Definiteness

    The important or material terms of an agreement that are specifically expressed. Under common law, an offer must include the important, or material, terms of the proposed agreement so that, when a party accepts the offer, a resulting agreement is enforceable. Important terms include subject matter, price, payment terms, quantity, quality, duration, and the scope of work to be done. If the parties purport to agree on a material term, but do so in a vague manner, as contrasted from omitting the term altogether, there is no agreement because it is too indefinite.
  • Deflation

    Occurs when the general level of prices decrease to the point that the inflation rate becomes negative.
  • Delay Claim

    A claim filed by a Contractor or an owner for unanticipated delays to a project. Delay Claims require significant documentation and are based in part on cost accounting concepts. When the Contractor delays the project, the owner can recover one of two types of damages: Liquidated damages or Actual damages. The components of a Contractor Delay Claim include 1. indirect costs that occurred during the extended performance period, 2. home office overhead that was incurred during the extended performance period, 3. increased material direct costs that occur during the delay, 4. lost productivity caused by the delay, and 5. other damages directly related to and attributable to the delay.
  • Delegated Purchase

    Authorized or appointed individuals, outside the Procurement Department, are delegated authority under the entity’s rules and procedures that allows them to make purchases, generally small dollar, on behalf of the entity.
  • Delegation of Authority

    The conferring of authority by someone who has it, to another person, to accomplish a task.
  • Deliverable

    1. Expected work product as defined in a contract. 2. The actual contractual work product as defined in the statement of work; the desired goods or services described in a statement of requirement, specifications, scope of work, or other similar solicitation component to be provided under the contract. (Australia) 3. The completion of a milestone or the accomplishment of a task that can be measured and verified, and may be a unit by which a contractor or consultant may be paid.