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Disadvantaged Business
As established by the
U.S. Small Business Administration, a
business that is at least 51% controlled or
owned by person(s) who are members of a
group officially designated as economically or
socially discriminated against. See also:
Historically Underutilized Business (HUB),
Minority-Owned Business Enterprise (MBE),
Woman-Owned Business Enterprise (WBE).
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Discount
An allowance, reduction, or deduction
from a selling price or list price extended by a
seller to a buyer in order for the net price to
become more competitive. More common
forms of discounts include trade discounts,
quantity discounts, seasonal discounts, and
cash discounts. See also: Payment Terms,
Prompt Payment Discount, Cash Discount.
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Discount Schedule
A listing of various discounts
offered to a buyer for varying amounts of
goods or services. May be requested as part
of a solicitation.
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Discount-From-List
Mathematical calculation to
determine a buyer’s price from a
manufacturer’s price list. On non-automated
term contracts, the manufacturer must
submit a printed price list/catalog from which
prices are to be figured. Prices in this category
cannot be increased for a specified time
period after the contract begins, unless
otherwise noted in the contract.
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Discrepancy
1. A deviation between the contract or purchase
order and the material or services received or
delivered.
2. A variance or difference in identification,
condition, or quantity between the supplies or
services delivered and the contracting
documents.
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Discretion
The power or right to act officially in
certain circumstances as granted in a code or
rule to exercise one's freedom of choice or
professional judgment. See also: Best Interest
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Discretionary Fiscal Spending
The elements of
an entity's budget that are not governed by
executive or legislative direction.
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Discriminatory Price
A scenario in which identical
goods or services in the same quantities are
offered at different prices to different buyers.
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Discussion
Formal or informal communication
involving an oral or written exchange of
information.
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Disparagement
False or malicious accusations
regarding the performance or quality of a
business' good or service.
