Dictionary of Procurement Terms

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: 1-10 of 102 results for “E”

  • Earned Value Management

    An integrated management tool that examines the cost, progress, and original schedule of a given project to determine variances from planned profiles. Its purpose is to allow for the prediction—with some degree of certainty— of actual cost and schedule status at the completion of a project, given cost and progress at certain intervals of contract performance.

  • Earnest Money

    Something of value paid as a pledge to bind an agreement or contract, typically money paid by a seller to a buyer.

  • eAuction


    See Also: Reverse Auction

  • eBusiness


    See Also: eCommerce

  • eCommerce


    See Also: Electronic Commerce (eCommerce)

  • Economic Growth

    The increase of a country's production of goods and services, compared from one set time period to another.

  • Economic Indicator

    Economic data used to interpret current or future investment opportunities, often for the purpose of judging the overall health of a country's economy.

  • Economic Interregnum

    1. A gap in economic continuity, the outcome of which cannot be predicted. 2. A discontinuity in the global economy, thereby making future predictions uncertain.

  • Economic Order Quantity (EOQ)

    An inventory calculation used to determine a stock-level reorder point. The calculation is based on costs of acquisition, storage, handling, and inventory investment to determine the most cost-effective time and quantity to reorder.

  • Economically Disadvantaged Individual

    An individual whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities (U.S. SBA 2021). See also: Historically Underutilized Business (HUB), Minority-Owned Business Enterprise (MBE), Small Disadvantaged Business, Woman-Owned Business Enterprise (WBE).

    See Also: Historically Underutilized Business (HUB), Minority-Owned Business Enterprise (MBE), Small Disadvantaged Business, Woman-Owned Business Enterprise (WBE)
Advertisement
Advertisement

SUGGESTIONS FOR THE DICTIONARY

 

Is there a term missing from our dictionary?

 

Does a more concise or relevant definition apply?

 

Submit your comments/suggestions to our editorial board at dictionary@nigp.org