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Design-Bid-Build
The traditional project delivery method, which customarily involves three sequential project phases: design, procurement, and construction, and two distinct contracts for the design and construction (build) phases.
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Design-Build
A construction project delivery method that combines architectural and engineering design services with construction performance under one contract.
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Design-Build-Finance-Operate
An Alternate Project Delivery Method (ADPM) demonstrating a design-build concept where the owner and designer/contractor work as a team to ensure that the owner’s requirements are met during design and construction. A complex and innovative approach developed through Public-Private Partnerships in which there is much greater involvement of private financing and that often combines construction and management or operations contracts.
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Designation of Special Purpose
Identifies items created by modification of standard commercial products to meet special needs, such as equipment modified to meet the needs of the physically challenged.
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Designee
A duly authorized representative.
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Destination
The place to which a shipment is consigned. The final delivery point to which a shipment is routed. A delivery point where title passes from seller to buyer.
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Detailed-Item Description Code
Part II of the NIGP Commodity/Service Code, which expands the class-item code into 11 digits with more than 140,000 item descriptions; used in the areas of inventory, warehousing, and cooperative purchasing operations.
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Determination and Findings
A legal document prepared by a procurement professional to justify a decision to take a certain action; includes conclusion, or determination, and the reason or findings of fact.
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Devaluation
The deliberate downward adjustment in the official value of one nation's currency in relation to other countries' currencies.
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Differential Exchange Rate
The mathematical difference of interest rates between two currencies, calculated by subtracting the lowest interest rate from the highest.