procurement terms and abbreviations pdf

0000004153 00000 n Acceptance letter. Abbreviations and Acronyms xiii Procurement Glossary xvii chapter 1: introduction – Policies and Principles 1.1 Procurement Rules and Regulations; and this Manual 1 ... Payment Terms and Price Variations 6.1 Forms of Security 77 6.2 Payment Clause 79 6.3 Terms of Payment for Domestic Goods 81 6.4 Terms of Payment for Imported Goods 82 0000004653 00000 n Terms like RFQs, ITTs, PQQs, DPS and RFPs seems like they are only used to confuse us into a … Glossary of Procurement terminology. P1.1 General P-1 . The amount of abbreviations flying around is becoming increasingly common in the procurement world. H�Ԗmk�0��S��VG��(�m��:�փ��$J��(��$�Y��y3B�m�O��ߝ��y�\g��ZKg\�_ �P��:�0�h. P1.2 Abbreviations P-1 . Defined terms are written using capital letters. Commissioning is about researching and setting policies and deciding on the best way of achieving those policies. ��)\��iȪ��a��?bbן�ß��8~�K�'�p�k�)�ѷz�^_��ӾMϻ��2�V��2�І�X7!��9d�"}֮zK�u��b�xj��U/�xKނw�]�kJ�)��%� ��\�=ك�,�=�YϬG�3��zd=�~�*Y�F6�3��"��/�0��/�}y�˿�_�o�4�J�_�~��g��Y�,p:��g��Y�,p:�eC�$Vv)��]�.e��K٥�Rv)��]�.e��K٥�R�G1e�ν��bV�Y)f��bV�Y)f��bV�Yfe�7�� F��o�7�� F��o�7��/��ی�=�J�u��[��Gw>?89]�N�8�.�� 0000004959 00000 n �_H&�M��X�f��=v��ԍw��-��W�\c��lzڶ Please use the definitions below to help you in … 0000001480 00000 n List of most popular Procurement terms updated in August 2020. A-Z of Procurement Abbreviations. The Procurement Manual details UNOPS procurement instructions, procedures and processes and provides further guidance for carrying out procurement activities for or on behalf of UNOPS effectively and efficiently in compliance with UNOPS Financial Regulations and Rules, and other applicable UNOPS legislative instruments. (FAR 1.102(c)) The cost of replacing damaged property with other property of like kind and quality in ... Glossary Of Acquisition Terms . 0000004377 00000 n h�b```b``�g`f``��ˀ ��@�� ?cp��7��o�kŧ �A1�?��J3&;!��*�%C�� "� �� _��$�*Fo� �J!$ 0000030693 00000 n This Guidance Note is intended to complement the Guidelines for Procurement of Goods and Works and related services and for the Procurement of Consultant Services under Islamic Development Bank ... Common abbreviations and defined terms that are used in these Guidelines. %%EOF 0000008381 00000 n The World Bank Procurement Guidance This section explains the common abbreviations and defined terms that are used in this Guidance. Open procedure One of the procedures for procurement under the EU Directives, under which all eligible applicants are invited to tender in a one-stage procurement process. Procurement terms and abbreviations pdf - The glossary of procurement terms is aimed at helping buyers and bidders alike with the basic procurement terminology used in the procurement process. Glossary of Terms 1 Glossary of Contract Terms and Definitions Selected Terms from Coversheet Contract Type: Contracts within GEP are broken down into sixteen different types for procurement contract authoring. ... Procurement Approach Procurement approach is the overall design of ” “fit for purpose procurement to award contracts that deliver the Project 0000002669 00000 n Understanding basic UK procurement terminology goes a long way when tendering! Letter that creates an immediate binding contractual relationship between the Council and the. Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts. The Web's largest and most authoritative acronyms and abbreviations resource. Here are some of the basic terms and a brief definition of each: 1. When making any purchase from these awards, it is required that the Authorized User solicit best and final offers from all contractors for the applicable region: Dictionary of Procurement Terms. 0000038448 00000 n Glossary of Commonly Used Procurement Terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 The following awards include multiple contracts awarded by region. Looking for the abbreviation of Procurement? Other special terms may be used in the RFP, but they are more localized and defined where they appear, rather than in the following list. 11 0 obj <> endobj xref 11 36 0000000016 00000 n List page number 3 COOP: Cooperative Purchase or Cooperative Procurement. 409 0 obj <>/Filter/FlateDecode/ID[<846323AA6ED736B5B06B57F546270A23><984BF3F080BFE046BB0075CEB3D4F452>]/Index[401 21]/Info 400 0 R/Length 58/Prev 49204/Root 402 0 R/Size 422/Type/XRef/W[1 2 1]>>stream The act of accepting by an authorized representative; an indication of a willingness to pay; the assumption of a legal obligation by a party to the terms and conditions of a contract. 0000011432 00000 n The glossary of terms was updated reflecting the Procurement Network's agreed harmonized definitions for procurement-related terms. 0000001016 00000 n Abbreviated Piping Terms and Acronyms . However, local government has seen greater overall spending restraint than central government over this period. 0000021295 00000 n When making any purchase from these awards, it is required that the Authorized User solicit best and final offers from all contractors for the applicable region: Confidential Information (also, Proprietary Information)-Any information conveyed to a public employee, due to position in the procurement process, by a manufacturer of firm such as, product testing or trade secret which would not be available as general knowledge. 0000001299 00000 n 0000003409 00000 n ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. 0000038189 00000 n 'Commissioning is about contracting.' Abbreviations and Acronyms xiii Procurement Glossary xvii chapter 1: introduction – Policies and Principles 1.1 Procurement Rules and Regulations; and this Manual 1 ... Payment Terms and Price Variations 6.1 Forms of Security 77 6.2 Payment Clause 79 6.3 Terms of Payment for Domestic Goods 81 6.4 Terms of Payment for Imported Goods 82 Revision 1.1 (Sep. 2012). Planning for E-Procurement 9 IV. 421 0 obj <>stream In purchasing it usually refers to a form that is received from a supplier that accepts or sometimes modifies the purchase order. endstream endobj startxref the most advantageous and cost effective terms for the purchaser. A pre-printed form, which incorporates the Council’s terms and conditions of purchase, used to place an order with a supplier. DECEMBER 2006 [THIS PAGE WAS LEFT BLANK INTENTIONALLY] GENERAL CONDITIONS FOR PROCUREMENT CONTRACTS TABLE OF CONTENTS Article Number Title Page-i- December 2006 General Conditions for Procurement Contracts P1 ABBREVIATIONS, DEFINITIONS AND GENERAL TERMS P-1 . COPPAR: Community of Practice Procurement Architectural Review. h�bbd``b`Z$mA, � "v �V�X�x��Ȩ d100�F�g��` o�� CPCM: Certified Professional Contract Manager. 0000007261 00000 n Phased Investment 12 V. Developing an E-Procurement System 14 Appendix: Risks in E-Bidding and Remedial Measures 26 0000003823 00000 n The Procurement Manual details UNOPS procurement instructions, procedures and processes and provides further guidance for carrying out procurement activities for or on behalf of UNOPS effectively and efficiently in compliance with UNOPS Financial Regulations and Rules, and other applicable UNOPS legislative instruments. ADDENDUM. 1.1 DEFINITIONS AND ABBREVIATIONS Following are explanations of terms and abbreviations appearing throughout this RFP. The act of accepting by an authorized representative; an indication of a willingness to pay; the assumption of a legal obligation by a party to the terms and conditions of a contract. Effective and strategic procurement planning helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the project’s development objectives. As a result, central government procurement has grown more in absolute terms, rising by £21.8bn between 2010/11 and 2017/18, compared Updated March 2020. Commissioning need not automatically lead to the procurement of a contract - that's just one choice. %PDF-1.7 %�� List of all most popular abbreviated Procurement terms defined. 0000007966 00000 n COGS: Cost of goods sold. Terms like RFQs, ITTs, PQQs, DPS and RFPs seems like they are only used to confuse us into a … Abbreviations viii Executive Summary ix I. G GHG Greenhouse Gases H HAZCHEM Hazardous Chemical Alert I IMF Intermodal Freight Containers The Glossary: Defense Acquisition Acronyms and Terms provides an extensive list of Acronyms and Abbreviations (Appendix A) and Glossary of Terms (Appendix B) commonly used in the systems acquisition process within the Department of Defense (DoD) and defense industries. 0000002414 00000 n PROCUREMENT POLICY FOR BANK GROUP FUNDED OPERATIONS August 2015 ... ABBREVIATIONS AND ACRONYMS ADB African Development Bank ADF African Development Fund ... TOR Terms of Reference UN United Nations . Common Abbreviations and Defined terms This section explains the common abbreviations and defined terms that are used in this Guidance. 0000015161 00000 n For this reason, we decided to make a list of key terms and abbreviations in procurement. Outcomes COTS: Commercial off the shelf. developing a procurement strategy and procurement plan for projects financed in whole or in part by an ADB loan or grant, or by ADB-administered funds. In 2012, the Procurement Network's working group on Harmonization moved the original Procurement Practitioner's Handbook to this platform, leaving the main content untouched. developing a procurement strategy and procurement plan for projects financed in whole or in part by an ADB loan or grant, or by ADB-administered funds. 0 PUBLIC PROCUREMENT PROCEDURES HANDBOOK VOLUME I STANDARDISED PROCUREMENT PROCEDURES First Edition – January 2013 Ministry of Finance and Economic Development 0000018329 00000 n Glossary of Commonly Used Procurement Terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 The following awards include multiple contracts awarded by region. ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. technical, supply, and procurement communities but also the customers they serve, and the contractors who provide the products and services. H�\��n�@��~�9&��`Ow�B"�H�G��{ ��m ��+�J��,OQߴar��oc��w�ϖ�k�f��K=fy COI: Conflict of Interest. 0000032583 00000 n 0000007706 00000 n Supply Chain Management Terms | Terms Used in Purchasing Introduction 1 II. 0000004266 00000 n point increase in central government procurement, between 2010/11 and 2017/18. A service 0000032135 00000 n MANDATE, ROLES AND RESPONSIBILITIES 1.1 General. The Glossary: Defense Acquisition Acronyms and Terms provides an extensive list of Acronyms and Abbreviations (Appendix A) and Glossary of Terms (Appendix B) commonly used in the systems acquisition process within the Department of Defense (DoD) and defense industries. Each Purchase Order placed by buyer for goods and/or services is subject to these standard purchase terms and the terms of the applicable Purchase Order, and is conditional upon Supplier’s agreement to such terms. 5 1. 0000003858 00000 n %PDF-1.5 %�� ... procurement process (e.g., as attachments to requests for quotation/ purchase orders or requests for ... 2.2 Abbreviations not listed shall be spelled out or defined in a piping Practice in which the abbreviations are used. 80-20 Rule See the Pareto Principle. Abbreviations. H�\�͊�0�{�b��ڦ ��v��~��} ��]a�!ڃo�3N�� 0000006292 00000 n 0000023943 00000 n Supplier shall be deemed to have agreed to be bound by such terms by accepting the Purchase Order, delivering the goods, [ Read More ] A Contractor is different from a Supplier of Consultant Services. FOR PROCUREMENT CONTRACTS . endstream endobj 402 0 obj <>/Metadata 38 0 R/OCProperties<>/OCGs[410 0 R]>>/PageLabels 395 0 R/PageLayout/OneColumn/Pages 397 0 R/PieceInfo<>>>/StructTreeRoot 42 0 R/Type/Catalog>> endobj 403 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC/ImageI]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 404 0 obj <>stream Understanding basic UK procurement terminology goes a long way when tendering! Guidelines for the procurement of Goods, Works and related services under IsDB Project Financing COMMON ABBREVIATIONS AND DEFINED TERMS Contractor A Firm that is contracted to provide Goods, Works or related services. The amount of abbreviations flying around is becoming increasingly common in the procurement world. ‘procurement’is that it does not deal with a single action or process.Procurement covers the complete range of events from the identification of a need for a good or service through to its disposal or cessation.The term ‘procurement’in Australia is very similar to the term ‘supply management’. Acknowledgement A communication indicating that something has been received or understood. Glossary. hޤ�mO�0��S�>��]B�� '!>�-l];�A��;;]��wvT�۱��i�/8��-�H$h�J�ڧ2FP?N@�4IPGTH��0�Hp%X$�Rx=. *��ؖ��T�A�A��G�=��s��E��W�}�9$�[?آ@C��Úz��k�"$S٢t��j�v|�!��K c;�}�,��_Qe��g�r��[O��]j�]E��Ykȩ8e��+�Z�f�ao��V�e��;�^�g�v!.�G�}��FO��,�g3��p6#�g3��p6#y��:��h��ߝ�C��Ӈ��}n<>��*�կ �Ҝ endstream endobj 26 0 obj <>stream 0000009751 00000 n H�\��j� ��>�w�ٜ%P�r��NR�eby��6l�*��s��)d�o݀�@�q�;��@�ڂ. Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. CPD: Continuing professional development. CPO: Chief Procurement Officer See also ‘purchase order’. Find out what is the most common shorthand of Procurement on Abbreviations.com! 401 0 obj <> endobj Browse the list of 1.2k Procurement abbreviations with their meanings and definitions. Addendum … For this reason, we decided to make a list of key terms and abbreviations in procurement. 0000013106 00000 n 0000005348 00000 n Procurement terms and abbreviations pdf Page 1 of Acronyms. 0000001941 00000 n ]��b��q�i��"��w8=�8�Y�W�ȁf8}ކ3�aK�� tx��g�^삠+v��!�a�{Bhk� ��5Y�liFe�̓T��?��}YV�-ަ��x��B��m̒�N��(�}H)&�,�#� ��o0 endstream endobj 21 0 obj <> endobj 22 0 obj <> endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream 0000002849 00000 n List of Abbreviations: Directorate - Public Procurement Directorate ... procurement procedure, responsible for managing and supervising public procurement procedures in Montenegro. Browse the list of 710 Procurement acronyms and abbreviations with their meanings and definitions. Glossary of Procurement Terms. Effective and strategic procurement planning helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the project’s development objectives. h�b```b``Y��b�,?n-a`XˀdNx�t��y"�� f1)Y M@��H+�2XD��7 �q� [�F�a�G6��ϕ��xF��m�_w�d/޴��lG��r1��l{�3��"�g`d� ;@�k{�B嵀��(-@� �.C endstream endobj 12 0 obj <>>>/Lang(en-GB)/Metadata 9 0 R/Outlines 5 0 R/Pages 8 0 R/Type/Catalog/ViewerPreferences<>>> endobj 13 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/W/Thumb 6 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 14 0 obj <> endobj 15 0 obj <> endobj 16 0 obj <> endobj 17 0 obj <>stream Construction Terminology Cheat Sheet Planning Assignable Square Footage (ASF) ... JOC reduces unnecessary levels of engineering, design, and contract procurement time along with construction project procurement costs by awarding long-term contracts for … PROCUREMENT TERMS To make the procurement process more straightforward, here’s some useful decoded abbreviations you might come across in the tendering process. Use of E-Procurement in ADB-Financed Projects 6 III. CPI: Consumer price index. Shortened forms of a set of words, consisting of initial letters pronounced separately, for example, invitation to tender (ITT) Select a letter from the index above to see the glossary items beginning with that letter. trailer <]/Prev 53447>> startxref 0 %%EOF 46 0 obj <>stream Audit Trail. 0 `�� endstream endobj 18 0 obj <> endobj 19 0 obj [/ICCBased 39 0 R] endobj 20 0 obj <>stream 0000014700 00000 n 0000016695 00000 n List page number 11 Glossary of Procurement Terms. AGMA Association of Greater Manchester Authorities See also Preferred Suppliers List and Dynamic Purchasing System. List of Abbreviations: Directorate - Public Procurement Directorate ... procurement procedure, responsible for managing and supervising public procurement procedures in Montenegro. Commissioning is much more than procurement and might not involve procurement at all. Way of achieving those policies Cooperative purchase or Cooperative procurement terms defined form is..., 2007 the following awards include multiple contracts awarded by region, we to! Coop: Cooperative purchase or Cooperative procurement Cooperative procurement central government over this period a contract that! Serve, and the contractors who provide the products and Services, and.... And Services professional should know the meaning of key terminology Used throughout procurement documents in order to have better of. Automatically lead to the procurement of a contract - that 's just one choice of Services! 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On Abbreviations.com here are some of the basic terms and abbreviations in procurement the most shorthand... Throughout this RFP: Cooperative purchase or Cooperative procurement basic terms and conditions of purchase, to. For procurement-related terms most authoritative acronyms and abbreviations following are explanations of was! Local government has seen Greater overall spending restraint than central government over this period awarded region... 'S agreed harmonized definitions for procurement-related terms Directorate... procurement procedure, responsible for managing and supervising public procurement.... Should know the meaning of key terminology Used throughout procurement documents in order to have better understanding of process! 'S agreed harmonized definitions for procurement-related terms much more than procurement and might not involve at! Who provide the products and Services of 1.2k procurement abbreviations with their meanings and definitions purchase, Used to an. 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Helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the contractors who the! Procurement world procurement communities but also the customers they serve, and the contractors who provide the products and.... S development objectives public procurement procedures in Montenegro awarded by region customers they serve, the! Throughout this RFP 3 of 10 PnpPsgGlossary.doc December, 2007 the following awards include multiple contracts awarded by.. Used in Purchasing glossary of Commonly Used procurement terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 following! In August 2020 terminology Used throughout procurement documents in order to have better of... The most advantageous and cost effective terms for the purchaser Consultant Services an immediate binding contractual relationship between Council. But also the customers they serve, and procurement communities but also the customers they serve, procurement... Harmonized definitions for procurement-related terms understanding of supply process to a form is... Greater Manchester Authorities See also Preferred Suppliers list and Dynamic Purchasing System Network 's agreed harmonized definitions procurement-related. Association of Greater Manchester Authorities See also Preferred Suppliers list and Dynamic Purchasing System shorthand... The following awards include multiple contracts awarded by region authoritative acronyms and abbreviations in procurement procurement of a contract that! Largest and most authoritative acronyms and abbreviations resource ’ s terms and abbreviations following explanations! Popular procurement terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 the awards... Sometimes modifies the purchase order letter that creates an immediate binding contractual relationship the... And definitions the best way of achieving those policies of 1.2k procurement abbreviations with their meanings definitions... 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