Dictionary of Procurement Terms

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Search Results: 151-160 of 353 results for “C”

  • Competitive Negotiations

    A procurement method for obtaining goods, services, and construction in which discussion and negotiations may be conducted with responsible proposers who submit responsive proposals. The process concludes with the award of a contract to the proposer who offers best value.

    See Also: Competitive Sealed Proposals

  • Competitive Range

    That group of proposals, as determined during the evaluation process for competitive negotiation, that includes only those proposers considered to have a reasonable chance of being selected for award and who are, therefore, chosen for additional discussions and negotiations. Proposals not in the competitive range are given no further consideration.

  • Competitive Re-engineering

    An outsourcing issue that allows the employees of a public agency the opportunity to redesign their work process to achieve efficiency and cost savings. This may be done prior to subjecting the targeted work function to competition against private contractors. (Business, 2002)

  • Competitive Sealed Bidding

    Method for acquiring goods, services, and construction for public use in which award is made to the lowest responsive bid and responsible bidder, based solely on the response to the criteria set forth in the Invitation for Bids (IFB); does not include discussions or negotiations with bidders.

    See Also: Formal Bid

  • Competitive Sealed Proposals


    See Also: Request for Proposals (RFP), Invitation for Bids (IFB)

  • Completion Bond


    See Also: Performance Bond

  • Completion Payment

    Payment made upon successful completion of the work.

  • Compliance Audit

    An audit conducted to determine the degree of adherence to established laws, regulations, policies, and procedures relative to accounting, financial, and business processes.

  • Composite Sample

    A sample obtained by mixing together equal portions from several parts of the lot.

  • Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

    This Act defines hazardous waste as “toxic, ignitable, corrosive, or dangerously reactive substances.” Under the CERCLA, a “generator” is an organization that uses or produces hazardous waste. Federal law stipulates that generators are responsible for the safe use and handling from the time the hazardous waste is created until it is completely destroyed. This “cradle to grave” responsibility, which cannot be delegated, includes the packaging used to transport the materials. Under the CERCLA, a “shipper” is a transporter licensed by transportation departments of federal and state environmental protection agencies to dispose of hazardous waste. Example: The proper disposal of old automobile tires, automobile car batteries, fluorescent light tubes, personal computers, televisions, photocopy machines and other hazardous items. This law was originally created to tax the chemical and petroleum industries. The tax is used by a broad federal authority to clean up abandoned or uncontrolled hazardous waste sites. The law provides 1) short-term removal and 2) long-term remedy that permanently reduces danger. Also referred to as the Superfund.