Statement of Requirement
A record of prequalified, prospective
offerors for the purchase or sale of specific
goods or services. See also: Bidders List.
The practice of identifying and
selecting suppliers based on a set of criteria
or following adopted procedures.
Alternative procurement plan
that gives guidance to assess, evaluate, and
manage the supply base in ways that are
consistent with overall entity objectives.
An agent who has limited authority
to perform only special tasks for its principal.
A type of procurement, as
practicable under the circumstances and
initiated by the head of an entity, for an
unusual or unique situation. This contract is
not awarded based on the application of
requirements of Invitation for Bids or Request
for Proposals that could be contrary to the
public interest or the needs of the entity.
Special Revenue Fund
A fund that provides
services financed from various specifically
designated revenue sources, such as
recreation fees used to support a specific
A precise description of the
physical characteristics, quality, or desired
outcomes of a commodity to be procured that
a supplier must be able to produce or deliver
in order to be considered for a contract.