Dictionary of Procurement Terms

Process for and result of ranking a supplier's performance according to criteria and the subsequent document of such ranking.

A seller’s right to retain possession of property until payment for the property is recovered.

document completed by an end user to record incidents of poor supplier/vendor performance. Sent to entity's procurement department for further action.

The accumulated record maintained by a central purchasing authority on a supplier/vendor, including information on the supplier's/vendor’s relationship with the purchasing authority, application for inclusion on the suppliers/bidders list, record of performance under contract, and correspondence.

A meeting convened with potential offerors to discuss a solicitation's technical, operational, and performance specifications, or the full extent of financial, security, and other contractual obligations before the solicitation closes.