11 0 obj <> endobj xref 11 36 0000000016 00000 n %%EOF Effective and strategic procurement planning helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the project’s development objectives. The amount of abbreviations flying around is becoming increasingly common in the procurement world. 0000004153 00000 n The glossary of terms was updated reflecting the Procurement Network's agreed harmonized definitions for procurement-related terms. 0000006292 00000 n 0000001299 00000 n 1.1 DEFINITIONS AND ABBREVIATIONS Following are explanations of terms and abbreviations appearing throughout this RFP. 0000003409 00000 n Procurement terms and abbreviations pdf Page 1 of Acronyms. List of all most popular abbreviated Procurement terms defined. Planning for E-Procurement 9 IV. For this reason, we decided to make a list of key terms and abbreviations in procurement. Terms like RFQs, ITTs, PQQs, DPS and RFPs seems like they are only used to confuse us into a … Common Abbreviations and Defined terms This section explains the common abbreviations and defined terms that are used in this Guidance. 0000007261 00000 n endstream endobj startxref 0000002414 00000 n AGMA Association of Greater Manchester Authorities See also Preferred Suppliers List and Dynamic Purchasing System. For this reason, we decided to make a list of key terms and abbreviations in procurement. 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. 0000030693 00000 n A-Z of Procurement Abbreviations. 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. 0000001480 00000 n 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 Revision 1.1 (Sep. 2012). Glossary of Procurement terminology. Commissioning need not automatically lead to the procurement of a contract - that's just one choice. 0000032583 00000 n 401 0 obj <> endobj h�bbd``b`Z$mA, � "v �V�X�x����Ȩ d100�F�g��` o�� In 2012, the Procurement Network's working group on Harmonization moved the original Procurement Practitioner's Handbook to this platform, leaving the main content untouched. 'Commissioning is about contracting.' h�b```b``�g`f``���ˀ ��@���� �?cp���7��o�kŧ �A1�?��J3&;!��*�%C�� �"� ��� ��_����$�*Fo� �J!$ 0000013106 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. 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 … COPPAR: Community of Practice Procurement Architectural Review. the most advantageous and cost effective terms for the purchaser. 0000001941 00000 n Understanding basic UK procurement terminology goes a long way when tendering! CPI: Consumer price index. trailer <]/Prev 53447>> startxref 0 %%EOF 46 0 obj <>stream Glossary of Commonly Used Procurement Terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 The following awards include multiple contracts awarded by region. List of Abbreviations: Directorate - Public Procurement Directorate ... procurement procedure, responsible for managing and supervising public procurement procedures in Montenegro. 0000011432 00000 n 0000004959 00000 n 0000038189 00000 n Supply Chain Management Terms | Terms Used in Purchasing In purchasing it usually refers to a form that is received from a supplier that accepts or sometimes modifies the purchase order. point increase in central government procurement, between 2010/11 and 2017/18. ��)\��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�.���� Abbreviated Piping Terms and Acronyms . Acknowledgement A communication indicating that something has been received or understood. List page number 3 Defined terms are written using capital letters. 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. ... 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. A Contractor is different from a Supplier of Consultant Services. 421 0 obj <>stream H�\�͊�0�{�b����ڦ ��v��~��} ��]a�!ڃo�3N�� COOP: Cooperative Purchase or Cooperative Procurement. Glossary of Procurement Terms. 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. 0000004266 00000 n 5 1. Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts. 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. List of Abbreviations: Directorate - Public Procurement Directorate ... procurement procedure, responsible for managing and supervising public procurement procedures in Montenegro. Use of E-Procurement in ADB-Financed Projects 6 III. 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. Introduction 1 II. Outcomes 0000007966 00000 n Glossary of Procurement Terms. Commissioning is about researching and setting policies and deciding on the best way of achieving those policies. CPCM: Certified Professional Contract Manager. Browse the list of 710 Procurement acronyms and abbreviations with their meanings and definitions. 0000015161 00000 n The Web's largest and most authoritative acronyms and abbreviations resource. FOR PROCUREMENT CONTRACTS . 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. Phased Investment 12 V. Developing an E-Procurement System 14 Appendix: Risks in E-Bidding and Remedial Measures 26 ]��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 Addendum … Terms like RFQs, ITTs, PQQs, DPS and RFPs seems like they are only used to confuse us into a … List page number 11 Here are some of the basic terms and a brief definition of each: 1. 0000014700 00000 n As a result, central government procurement has grown more in absolute terms, rising by £21.8bn between 2010/11 and 2017/18, compared 0000001016 00000 n CPD: Continuing professional development. Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. 0000004653 00000 n �_H&�M��X�f��=v��ԍw��-���W�\c��lzڶ Please use the definitions below to help you in … Glossary. Understanding basic UK procurement terminology goes a long way when tendering! ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. ‘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’. 0000007706 00000 n 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. 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 Abbreviations. 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 . Commissioning is much more than procurement and might not involve procurement at all. COI: Conflict of Interest. 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. 80-20 Rule See the Pareto Principle. G GHG Greenhouse Gases H HAZCHEM Hazardous Chemical Alert I IMF Intermodal Freight Containers 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. 0000038448 00000 n 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. CPO: Chief Procurement Officer PROCUREMENT TERMS To make the procurement process more straightforward, here’s some useful decoded abbreviations you might come across in the tendering process. 0000002669 00000 n %PDF-1.5 %���� COTS: Commercial off the shelf. hޤ�mO�0��S�>���]B��� ��'!>�-l];�A���;;]��wvT�۱��i�/8�����-�H$h�J�ڧ2FP?N@�4IPGTH����0�Hp%X$�Rx=. See also ‘purchase order’. 0000009751 00000 n COGS: Cost of goods sold. 0000004377 00000 n %PDF-1.7 %���� Acceptance letter. h�b```b``Y�����������b�,?n-a`XˀdNx�t�����y"����� f1)Y M@�����H+�2XD���7 �q� [�F�a�G6����ϕ���xF���m�_w�d/޴��lG��r1��l{�3��"�g`d� ;@�k{�B嵀�����(-@� �.C endstream endobj 12 0 obj <>>>/Lang(en-GB)/Metadata 9 0 R/Outlines 5 0 R/Pages 8 0 R/Type/Catalog/ViewerPreferences<>>> endobj 13 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/W/Thumb 6 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 14 0 obj <> endobj 15 0 obj <> endobj 16 0 obj <> endobj 17 0 obj <>stream The World Bank Procurement Guidance This section explains the common abbreviations and defined terms that are used in this Guidance. A service 0000018329 00000 n Letter that creates an immediate binding contractual relationship between the Council and the. List of most popular Procurement terms updated in August 2020. (FAR 1.102(c)) The cost of replacing damaged property with other property of like kind and quality in ... Glossary Of Acquisition Terms . 0000008381 00000 n 0000021295 00000 n PUBLIC PROCUREMENT PROCEDURES HANDBOOK VOLUME I STANDARDISED PROCUREMENT PROCEDURES First Edition – January 2013 Ministry of Finance and Economic Development When making any purchase from these awards, it is required that the Authorized User solicit best and final offers from all contractors for the applicable region: 0000016695 00000 n The Glossary: Defense Acquisition Acronyms and Terms provides an extensive list of Acronyms and Abbreviations (Appendix A) and Glossary of Terms (Appendix B) commonly used in the systems acquisition process within the Department of Defense (DoD) and defense industries. *����ؖ��T�A�A��G�=��s��E���W�}�9$�[?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 The amount of abbreviations flying around is becoming increasingly common in the procurement world. 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. ADDENDUM. 0000002849 00000 n 0000032135 00000 n H�\��n�@��~�9&��`Ow�B"�H�G��{ ��m ����+�J��,OQߴar��oc���w�ϖ�k�f����K=fy MANDATE, ROLES AND RESPONSIBILITIES 1.1 General. 0000005348 00000 n 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 . Abbreviations viii Executive Summary ix I. ... Procurement Approach Procurement approach is the overall design of ” “fit for purpose procurement to award contracts that deliver the Project 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. However, local government has seen greater overall spending restraint than central government over this period. A pre-printed form, which incorporates the Council’s terms and conditions of purchase, used to place an order with a supplier. Updated March 2020. 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 Effective and strategic procurement planning helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the project’s development objectives. Audit Trail. 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. Looking for the abbreviation of Procurement? 0000003823 00000 n Dictionary of Procurement Terms. 0000023943 00000 n 0000003858 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 ] 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 Find out what is the most common shorthand of Procurement on Abbreviations.com! technical, supply, and procurement communities but also the customers they serve, and the contractors who provide the products and services. H�Ԗmk�0���S��VG��(�m��:�փ��$J��(������$�Y��y3B�m�O��ߝ�����y�\g��ZKg\�_ �P����:�0�h. 0 `�� endstream endobj 18 0 obj <> endobj 19 0 obj [/ICCBased 39 0 R] endobj 20 0 obj <>stream ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. H�\��j� ��>�w�ٜ%P�r����NR�eby��6l�*����s���)d�o݀�@�q�;��@�ڂ. 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. 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