DOCUMENT

POL - Procurement User Guide 2009

  • YEAR CREATED: 2009
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document is a glossary of common procurement terms. It provides definitions and explanations for various terms related to the procurement process. The document covers terms such as acceptance, acquisition/procurement, acquisition plan, actual costs, bid bond, bid security, change order, claim, competition, and many more. Each term is defined and described in detail, providing clarity on their meaning and usage in the procurement context. One important aspect highlighted in the document is the concept of competitive sealed bidding. It explains that in this process, after receiving bids from different suppliers, a contract is awarded to the responsible bidder who submitted the lowest priced responsive bid. This emphasizes the significance of competition in the procurement process and the role of pricing in determining the successful bidder. Overall, the glossary aims to help readers understand and navigate the procurement process more effectively by providing clear definitions and explanations of commonly used terms.
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