Flexible virtual supply system
linked together by communication systems
and alliances to optimize the flow of
materials, services, information, and money.
An analysis of the complexity
of the supply marketplace and its impact on
agency service delivery based on factors such
as: 1) dependency of agency service delivery
upon particular goods and service, 2) risk to
agency service delivery arising from potential
disruption, such as discontinuity of supply or
significant increase in price, 3) the makeup of
the marketplace, 4) lead times and the
complexity of the technology involved, 5) and
the source of the original manufacture or service supply and any related opportunities.
See also: Market Analysis, Procurement
Profile, Spend Analysis.
The use of tax incentives,
deregulation, and other mechanisms to
increase the ability and willingness to produce
goods and services. (Schiller 2000)
A pledge or guarantee by an insurance
company, bank, individual, or corporation on
behalf of the bidder/proposer that protects
against default or failure of the contracted
bidder/proposer to satisfy the contractual
1. An overstock situation that occurs when the
quantity of goods on hand exceeds the
quantity of goods needed. The overstocked
goods may be returned to the supplier, sold at
auction, or disposed of in a method
acceptable to the entity.
2. The goods or materials that are obsolete or no
longer needed by the agency and are
designated for disposal. Surplus becomes
available for disposal outside of the entity due
to an unforeseen situation that affects the
use of the item (for example, chairs or desks
that have been replaced with new items).
See also: Obsolete Supplies/Equipment.
Often used in contracting, this term
refers to a quality assurance process in which
both an entity and a contractor are regularly
monitored to ensure the parties are meeting
their obligations as defined in their contract.
See also: Contract Administration, Contract
1. Prohibiting a supplier from submitting bids
and proposals for a definite or indefinite
period of time.
2. A temporary determination to exclude a
supplier from obtaining any contracts for a
period of time, usually before initiating
debarment. Reasons for this action may
include poor performance, late deliveries,
violations of previous contract terms, etc. See
Suspension of Work Clause
A contract provision
that allows an agency to suspend, interrupt, or
delay work for the agency’s convenience. A
contractor is not entitled to compensation if
the delay is the contractor’s fault. A contractor
may be compensated only if the resultant
delay is considered unreasonable.
An action in which the entity
orders work to cease in accordance with a
suspension of work clause contained in the
The capacity to endure.
Sustainability requires a reconciliation of
environmental, social, and economic
demands. It encompasses the concept of
stewardship, which is the responsible
management of resources. See also:
Environmentally Preferable Purchasing.