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: 181-190 of 204 results for “P”
  • Public Management

    The process of planning, organizing, staffing, and executing the use of people, time, and fiscal resources for the purpose of providing goods, services, and protection valued by the citizens of the state or jurisdiction in response to the laws and regulations of the governing body.
  • Public Notice

    An announcement made by an entity concerning a solicitation or other information of general public interest. A public notice is typically posted on an entity website or communicated via other general news media, such as newspapers or trade journals.
  • Public Policy

    A course or principle of action, based on law and enacted by a government, entity, business, or individual.
  • Public Procurement

    The designated legal authority to advise, plan, obtain, deliver, and evaluate a government’s expenditures on goods and services that are used to fulfill stated objectives, obligations, and activities in pursuit of desired policy outcomes.
  • Public Procurement Process Model

    An integrated public procurement planning model that consists of four stages: planning, formalization, implementation, and evaluation.
  • Public Property

    All property, other than money, belonging to a public entity.
  • Public Sector

    The part of the economy that is government-controlled (e.g., public entities, enterprises, and programs).
  • Public-Private Competition

    In-house governmental departments and private companies that compete to provide government services; occurs when a government agency targets a service for possible outsourcing and allows the in-house operation currently providing the service to compete against the private sector and submit a proposal to provide the service. May be referred to as Managed Competition.
  • Public-Private Partnership (P3)

    A broad term used to describe public facility and infrastructure contracts that minimally include components of design and build (e.g., construction, renovation, rehabilitation) into one single contract. Components of financing, operations, maintenance, or management may be included within this single contract. A P3 contract allocates risks to the party (the government or the contractor) best able to manage the risks and may assign a higher level of responsibility for means and methods to the partner. See also: Concession Model.
  • Punitive Damages

    Non-compensatory damages that are awarded in a civil case to punish the defendant for willful or gross misconduct.



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