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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  • ADP


    See Also: Automated Data Processing (ADP)

  • ADR


    See Also: Alternative Dispute Resolution (ADR), Partial Payment, Progress Payments

  • Advance Acquisition

    The procurement of items that require long lead times, or are required in extraordinary quantities, in advance of the fiscal year in which the product, service, or construction is required.

  • Advance Payment

    Payment agreed upon disbursement between buyer and seller made prior to the delivery of the contracted goods or services. Payment may be for a stated amount or for a percentage of the purchase price. See also: Partial Payment, Progress Payments.

    See Also: Partial Payment, Progress Payments

  • Advance Procurement

    The procurement of items that require long lead times, or are required in extraordinary quantities, in advance of the fiscal year in which the product, service, or construction is required.

  • Advance Ship Notice

    A notice sent to the buyer advising that a shipment has been released.

  • Advertise

    To make a public announcement or legal notice of a solicitation with the goal of increasing the response and broadening the field of competition; often required by law or policy.

  • Advertising


    See Also: Public Notice

  • AFC


    See Also: Average Fixed Cost (AFC)

  • Affidavit

    A written statement of facts or written declaration provided by one party that may be made under oath before an authorized official.
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