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

  • ADR

  • 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 Payments

    Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods or services. Payments may be for a stated amount or for a percentage of the purchase price.
  • 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.
  • Advanced Contract Award Notice (ACAN)

    CANADIAN A notice of intent to solicit a Bid and negotiate with a single firm. Other Suppliers are not invited to Bid on these requirements but can forward letters of intent indicating their interest before the closing date. Notice of Bidding requests will then be solicited from letters of interest that have been received.
  • 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

  • Advice of Shipment

    CANADIAN A notice sent to a purchaser advising that a shipment has been released.
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