Dictionary of Procurement Terms

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  • Aggrieved Bidder/Proposer/Offeror

    The bidder/proposer/offeror who is may be adversely affected by the award of a contract to another bidder/proposer/offeror and protests or appeals the decision.
  • Agreement

    An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a view to altering performance, rights, and obligations. When the additional elements of a contract are satisfied, e.g., mutual obligation (consideration), capacity, definiteness, and legal purpose, contracts may be formed. Then the terms agreements and contracts are sometimes used synonymously. May not be legally enforceable.
  • AIA

  • Air Freight

    1. Freight transported by air. 2. The rate charged for air transportation.
  • Air Freight Forwarder

    An indirect air carrier that is responsible for the transportation of property from the point of receipt to the point of destination, and utilizes for the whole or any part of such transportation the services of a direct air carrier or its agent, or of another air freight forwarder. (U.S., FAR, 2005)
  • Air Waybill

    Documented proof between the shipper and the carrier of the contract of carriage.
  • Alien Corporation

    A corporation organized and registered according to the laws of another country but with operations in the domestic country. Contrast with "Foreign Corporation."
  • All-Or-Nothing Bid (All or None)

    A bid submitted for a number of different items, services, etc., in which the bidder states they will not accept a partial award, but will accept only an award for all the items, services, etc., included in the Invitation for Bids. Because the bidder has qualified their bid, their bid may be deemed as non-responsive.
  • Allocable Costs

    Costs that are authorized by the contract, regulation, or law.
  • Allocation

    1. The action or process of sharing or portioning out something. 2. The amount of a resource assigned to a particular category or recipient.