Dictionary of Procurement Terms

Dictionary of Procurement Terms

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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

  • eBusiness

  • 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).



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