Dictionary of Procurement Terms

Founded in 1878, the ABA is committed to advancing the rule of law across the United States and beyond by providing practical resources for legal professionals, law school accreditation, model ethics codes, and more. (ABA 2000)

Headquartered in Washington, D.C., and with more than 95,000 members and 200 chapters around the world, the AIA advocates for the value of architecture and gives architects the resources they need to do their best work. (ABA 2000)

The American National Standards Institute oversees standards and conformity assessment activities in the United States. (ABA 2000)

Professional association for supply chain and operations management and the leading provider of research, education, and certification programs that elevate supply chain excellence, innovation, and resilience.

Federal legislation passed in 1990 that prohibits discrimination against and ensures equal opportunity for persons with disabilities in employment; state and local government services; public accommodations; commercial facilities; and transportation. It also mandates the establishment of TDD/telephone relay services. The current text of the ADA includes changes made by the ADA Amendments Act of 2008 (P.L. 110-325), which became effective on January 1, 2009. (U.S. ADA 2015)

An accounting procedure that gradually writes off the initial cost of an asset.

Statements or acts of a contractor before an actual breach of contract that indicate that the contractor does not intend or is unable to complete or continue to perform under the contract. (Nash et al. 2007)

State and federal laws enacted to ensure free, fair, and open competition by prohibiting trusts, monopolies, oligopolies, and cartels that attempt to restrict trade in interstate and foreign commerce.