Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 41-50 of 107 results for “D”
  • Demand Curve

    A graphical depiction of the relationship between the price of goods or services and the quantity demand for a set period of time.
  • Demand Deposit

    Funds in a bank account that can be withdrawn at any time without notice or penalty, e.g., checking account.
  • Demand Elasticity

    A measure of the change in the quantity of a good purchased or demanded in relation to a change in its price.
  • Demand Level

    The amount of inventory required for a given item.
  • Demobilization

    All activities and costs for the removal from a construction site of supplies, equipment, and personnel once work is completed.
  • Demurrage

    A fee charged by a carrier against a consignee, consignor, or other responsible party to compensate for the detention of the carrier's equipment in excess of allowable free time for loading, unloading, re-consigning, or stopping in transit. The term is also used by suppliers of material delivered in a variety of returnable containers, such as gas cylinders, rail containers, and equipment.
  • Depreciation

    1. An accounting term that denotes a loss or decrease in the acquired value over a specified period of time. Usually applies to a loss of value of a fixed asset (capital equipment). 2. The systematic transfer of the cost of a capital expenditure (an asset on the balance sheet) to expense (on the income statement). 3. To diminish in price or value. 4. The consumption of capital in the production process. 5. The wearing out of plant and equipment over a specified time.
  • Descriptive Literature

    Information, such as charts, illustrations, brochures, and technical data, furnished by an offeror, on request as part of an offer, to describe the items offered; shows the characteristics or construction of a product, or explains its operation to determine the acceptability of the item.
  • Design Deficiency

    A condition that prevents a product from being useful, the correction of which would require a design change.
  • Design Specification

    A type of specification that establishes the characteristics an item must possess, including details indicating how it is to be manufactured. May include engineering plans or drawings, and blueprints. It states to the contractor in prescriptive terms what the contractor must provide to the buyer.