-
Imprest Fund
A petty cash fund. A cash reserve
for expenditures made in accordance with
established policies and controls.
-
Improper Influence
Excessive persuasion of an
entity employee to act or give consideration to
act in a manner contrary to the best interests
of the entity, rather than on the merits of the
matter. Also known as undue influence.
-
In Bond
The state of goods that are
manufactured, stored, or transported under
the care of a bonded agency until duties or
taxes are paid on the goods.
-
In-House Bidding
The practice of allowing public
entities to compete against private suppliers
of goods or services.
-
In-Process Inspection
Inspection performed at
the seller’s site, usually during the
manufacturing or repair process, to ensure
that the work to date complies with
specifications and contractual agreements;
this inspection has the potential to identify
defects that could not be seen during final
inspection.
-
In-State Preference
A preference in the form of a
percentage of price or percentage of points
given to offerors that are in-state businesses.
-
Incentive Contract
A contract that provides for a
reward to the contractor for reaching or
exceeding a pre-determined level of
performance or cost-reduction goals, or for
producing results that exceed the
requirements stated in the contract.
-
Income Statement
A report of a business' gains,
losses, expenses, and revenue over a specific
time period.
-
Incoterms
-
Incurred Costs
Actual cost rather than
estimated cost.
