Dictionary of Procurement Terms

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Search Results: 71-80 of 106 results for “D”
  • Discretion

    The power or right to act officially in certain circumstances as granted in a code or rule to exercise one's freedom of choice or professional judgment. See also: Best Interest
  • Discretionary Fiscal Spending

    The elements of an entity's budget that are not governed by executive or legislative direction.
  • Discriminatory Price

    A scenario in which identical goods or services in the same quantities are offered at different prices to different buyers.
  • Discussion

    Formal or informal communication involving an oral or written exchange of information.
  • Disparagement

    False or malicious accusations regarding the performance or quality of a business' good or service.
  • Disposal

    1. To remove an item of inventory or a capital asset from an organization in accordance with disposal and accounting procedures. 2. The disposition of assets or inventory.
  • Disposal Cost

    All expenses required to dispose of unwanted items, such as surplus.
  • Disposal Value

    1. The estimated value of excess or surplus property prior to actual disposal. 2. The proceeds obtained from a sale of surplus property.
  • Disposition

    Transferring, trading-in, selling, or destroying goods that are excess property, surplus property, or scrap.
  • Dispute

    A contractual disagreement or misunderstanding between contracting parties specific to contract provisions or language. See also: Protest.



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