Dictionary of Procurement Terms

A customs duty or tax based on the value of the goods rather than on the quantity of the goods.

A written change, addition, alteration, correction, or revision to a solicitation or contract document. Commonly, the name given to the document used to revise a solicitation.

Rules, regulations, and executive orders promulgated by governmental administrative or regulatory entities. Generally enacted to make statutes and ordinances more specific. Has the force and effect of law.

A notational scoring system in which adjectives are used to describe the quality of a response to a Request for Proposals (RFP) or a response to a Request for Qualifications (RFQu). Responses may be rated using such terms as Excellent, Good, Fair, and Poor. (Nash et al., 2007)

CANADIAN The amount of variation permitted by an adjustment clause in the Contract generally permitting a change upward or downward in the price or obligation in case certain events transpire.

A price determined by the deliberate price policy of a supplier rather than by competitive forces of the marketplace.

A unilateral change to a contract in writing that does not affect the substantive rights of the parties, such as a change in the address to which an invoice is mailed.

Rules, regulations, and executive orders promulgated by governmental administrative or regulatory entities. Generally enacted to make statutes and ordinances more specific. Has the force and effect of law.

The completion of the process of direct appeal to a governmental entity as defined by the entity’s administrative regulations.