Dictionary of Procurement Terms

Good or service produced in one country and sold to another country.

Document issued by a carrier that covers the transportation of goods from a domestic point of origin to a foreign destination.

A government document that identifies what goods may be shipped to another country.

A document issued by the government of the exporting country granting an exporter permission to export the merchandise described in the document.

Authority that is explicitly given in direct language rather than inferred from conduct. See also: Implied Authority, Inherent Authority.

Contracts, either written or oral, in which all of the formal elements for contract creation exist.

A rule that states that when there is only one reasonable interpretation, that interpretation shall prevail. This is a secondary rule of determining the intent of the contracting parties during a dispute. The express language in the contract overrules the behavior of the parties prior to the dispute.

A written description of the responsibilities of a seller in the event that a product is found to be defective or otherwise unsatisfactory.

The price for the total number of items ordered, calculated by multiplying the quantity ordered by the unit price.

Any buying organization not located in a state or jurisdiction that, if it were located in the state or jurisdiction, would qualify as a public procurement unit.