Glossary of Commonly Used Procurement Terms Page 3 of 10 PnpPsgGlossary.doc December, 2007 The following awards include multiple contracts awarded by region. Commissioning is about researching and setting policies and deciding on the best way of achieving those policies. ... Procurement Approach Procurement approach is the overall design of ” “fit for purpose procurement to award contracts that deliver the Project technical, supply, and procurement communities but also the customers they serve, and the contractors who provide the products and services. Glossary of Procurement terminology. 0000007706 00000 n Browse the list of 1.2k Procurement abbreviations with their meanings and definitions. 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 ... 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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. ��)\��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�.���� Effective and strategic procurement planning helps ensure that fit-for-purpose procurement approaches are developed to achieve VFM and the project’s development objectives. 0000006292 00000 n Use of E-Procurement in ADB-Financed Projects 6 III. (FAR 1.102(c)) The cost of replacing damaged property with other property of like kind and quality in ... Glossary Of Acquisition Terms . 0000004653 00000 n 5 1. CPI: Consumer price index. Procurement terms and abbreviations pdf Page 1 of Acronyms. Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. 0000007261 00000 n 0000018329 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. the most advantageous and cost effective terms for the purchaser. ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. H�\��n�@��~�9&��`Ow�B"�H�G��{ ��m ����+�J��,OQߴar��oc���w�ϖ�k�f����K=fy The amount of abbreviations flying around is becoming increasingly common in the procurement world. Introduction 1 II. Phased Investment 12 V. Developing an E-Procurement System 14 Appendix: Risks in E-Bidding and Remedial Measures 26 0000002414 00000 n %PDF-1.5 %���� A-Z of Procurement Abbreviations. COGS: Cost of goods sold. �_H&�M��X�f��=v��ԍw��-���W�\c��lzڶ ADDENDUM. Audit Trail. In purchasing it usually refers to a form that is received from a supplier that accepts or sometimes modifies the purchase order. 0000004377 00000 n The amount of abbreviations flying around is becoming increasingly common in the procurement world. List of Abbreviations: Directorate - Public Procurement Directorate ... procurement procedure, responsible for managing and supervising public procurement procedures in Montenegro. Abbreviated Piping Terms and Acronyms . The World Bank Procurement Guidance This section explains the common abbreviations and defined terms that are used in this Guidance. Outcomes Terms like RFQs, ITTs, PQQs, DPS and RFPs seems like they are only used to confuse us into a … Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts. Revision 1.1 (Sep. 2012). CPCM: Certified Professional Contract Manager. Browse the list of 710 Procurement acronyms and abbreviations with their meanings and definitions. 0000003409 00000 n 0000008381 00000 n Find out what is the most common shorthand of Procurement on Abbreviations.com! Understanding basic UK procurement terminology goes a long way when tendering! 'Commissioning is about contracting.' Planning for E-Procurement 9 IV. See also ‘purchase order’. 0000005348 00000 n 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 … 0000004266 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 . hޤ�mO�0��S�>���]B��� ��'!>�-l];�A���;;]��wvT�۱��i�/8�����-�H$h�J�ڧ2FP?N@�4IPGTH����0�Hp%X$�Rx=. h�bbd``b`Z$mA, � "v �V�X�x����Ȩ d100�F�g��` o�� 0000003823 00000 n Abbreviations. 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 . Supplier shall be deemed to have agreed to be bound by such terms by accepting the Purchase Order, delivering the goods, [ Read More ] Here are some of the basic terms and a brief definition of each: 1. 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. 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. 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. 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. 80-20 Rule See the Pareto Principle. 0000001299 00000 n Acknowledgement A communication indicating that something has been received or understood. 0 `�� endstream endobj 18 0 obj <> endobj 19 0 obj [/ICCBased 39 0 R] endobj 20 0 obj <>stream For this reason, we decided to make a list of key terms and abbreviations in procurement. ACQUISITION The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. Commissioning need not automatically lead to the procurement of a contract - that's just one choice. 0000003858 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 H�\��j� ��>�w�ٜ%P�r����NR�eby��6l�*����s���)d�o݀�@�q�;��@�ڂ. 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: P1.1 General P-1 . 421 0 obj <>stream The Web's largest and most authoritative acronyms and abbreviations resource. 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