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.

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Search Results: 1291-1300 of 2051 results

  • OBS


    See Also: Open Bidding Service (OBS)

  • Obsolescence

    The process of a commodity becoming outdated, antiquated, superseded, or no longer used.

  • Obsolete Supplies/Equipment

    Items that are out of date, no longer in use, or are effectively unusable (e.g., 8-track audio tapes and floppy computer disks). Obsolete supplies/equipment become outdated due to new technology, new regulations, or new procedures instituted by the entity. See also: Surplus.

    See Also: Surplus

  • Occupational Safety and Health Administration (OSHA)

    A division within the U.S. Department of Labor that was created by the OSHA Act of 1970. OSHA’s mission is to assure safe and healthful working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education, and assistance.

  • Ocean Bill of Lading

    A receipt detailing a list of marine-transported goods from the carrier to the consignee.

  • OCR


    See Also: Optical Character Recognition (OCR) (Optical Scanning)

  • OEM


    See Also: Original Equipment Manufacturer (OEM)

  • Off-the-Shelf

    Readily available stock item not requiring special order or modification.

  • Offer

    A response to a solicitation that, if accepted, would bind the offeror to honor what was submitted.

  • Offeree

    The person/entity to whom an offer is made in response to a solicitation.
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