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Local Public Procurement Unit
Any county, city,
town, school district, special authority, or any
other subdivision of the state, or public entity
of any such subdivision, or educational,
health, or other institution spending public
funds for the procurement of services,
supplies, or construction.
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LOE
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Logic Model (Systems approach)
A visual
representation that represents the shared
relationships among outputs, outcomes,
activities, resources, and impact for a
program.
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Logistics
The process of planning, moving,
routing, distributing, transporting, and
coordinating activities that apply to the
delivery of goods or service performance.
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Logistics Management
The discipline
responsible for the movement, routing,
distribution, transportation, and coordination
activities that apply to goods delivery or
service performance.
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LOI
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Long Term Contract
A decision to contract with a
specified supplier over an extended period of
time.
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Lot Tolerance Percent Defective (LTPD)
The
percentage of defective items that a customer
is willing to accept.
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Lowball
1. A negotiation tactic in which the initial offered
price is low and is then raised once interest is
shown.
2. A price offered that is far below an estimated
or expected price.
See also: Buying In.
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Lowest Responsive and Responsible Bidder
The
Bidder who fully complied with all of the bid
requirements and whose past performance,
reputation, and financial capability is deemed
acceptable, and who has offered the most
advantageous pricing or cost benefit, based
on the criteria stipulated in the bid
documents.
