Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 11-20 of 353 results for “C”

  • Canadian International Trade Tribunal (CITT)

    The main quasi-judicial institution in Canada’s trade remedy system with authority to conduct inquiries into complaints by potential suppliers concerning procurement by the federal government that is covered by the North American Free Trade Agreement, the Agreement on Internal Trade and the World Trade Organization Agreement on Government Procurement. Any potential suppliers who believe they may have been unfairly treated during the solicitation or evaluation of offers, or in the awarding of contracts on a designated procurement, may lodge a formal complaint with the Tribunal. The Tribunal deals with challenges on Canadian government contracts, arising under an international agreement. (Canada, CITT, 2015)

  • Canadian Public Procurement Council (CPPC)

    An organization that represents public sector procurement professionals throughout Canada.

  • Cancellation of a Contract

    Occurs when the authority has determined that the contract should be terminated for cause, default, or convenience.

    See Also: Termination for Convenience, Termination for Default

  • Cancellation Request

    A request, by either party to a purchase agreement, to cancel the contract, often at no cost.

    See Also: Mutual Assent, Termination for Convenience, Termination for Default

  • Cannibalize

    A term used to describe the disassembly, dismantling, stripping, or tearing down of buildings or equipment for salvage components or parts, which may be used to repair, assemble, or rebuild other equipment. A process used to extend the life cycle of equipment.

  • Capability

    The ability of a bidder or proposer to fulfill the contract at time of award.

  • Capacity

    The amount of goods and services that a supplier can produce or provide in a given time interval. (Schiller, 2000)

  • Capital

    1. Final goods produced for use in the production of other goods, e.g., equipment, buildings. 2. Wealth in the form of money or property. 3. All buildings, equipment, and human skills used to produce goods and services. (Schiller, 2000)

  • Capital Asset

    An asset with a life cycle of more than one year with a value of more than a certain prescribed limit set by accounting standards or by governmental policy.

  • Capital Budget

    A financial statement that estimates expenditures for major assets and an entity's long-term financing needs. Governmental capital budgets generally reflect large asset expenditures for equipment and buildings over certain dollar thresholds. (Nash et al., 2007)