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Detailed-Item Description Code
Part II of the
NIGP Commodity/Service Code, which
expands the class-item code into 11 digits
with more than 140,000 item descriptions;
used in inventory, warehousing, and
cooperative purchasing operations.
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Determination and Findings
A legal document
prepared by a procurement professional to
justify a decision to take a certain action;
includes conclusion, or determination, and
the reason or findings of fact.
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Devaluation
The deliberate downward
adjustment in the official value of one nation's
currency in relation to other countries'
currencies. See also: Currency Devaluation.
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Differential Exchange Rate
The mathematical
difference of interest rates between two
currencies, calculated by subtracting the
lowest interest rate from the highest.
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Digital Signature
An encrypted electronic
signature that mitigates signature fraud.
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Direct Cost
The cost of materials or services
identified with only a single cost objective,
such as labor, supplies, equipment, or
transportation.
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Direct Delivery
The shipment of goods directly
from their source to an end user; frequently
used when a third party acts as the
purchasing agent for the end user.
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Direct Labor Hours
The portion of a contract,
proposal, or invoice that denotes the time
spent working solely to satisfy the specific
requirements of the contract as detailed in
the specifications or scope of work.
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Direct Selling
Business model in which the seller
sells directly to the buyer in a non-retail
environment.
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Directive
CANADIAN A statement indicating the
mandatory features of a policy. In cases in
which the Canadian Treasury Board is
prepared to permit deviations, departments
must obtain prior approval by means of
submissions. Directives are characterized by
the use of the verbs, “shall,” “must,” and
“will,” which appear in bold Italics throughout
the manual.
