Dictionary of Procurement Terms

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Search Results: 201-210 of 353 results for “C”

  • Container

    A truck trailer body that can be detached from the chassis for loading onto a vessel, a railcar, or stacked in a container depot. They come in various lengths between 20’ and 53’. (Business, 2002)

  • Containerization

    The process of packing goods in very large, separate containers (sometimes referred to as “cubes”) for shipment to a final destination. Container shipment may be via ship, rail, or truck.

  • Contingency Planning

    Planning that applies to issues resulting from a crisis, emergency, or interruption of a critical service.

  • Contingent Fee

    A commission, percentage, or other fee that is conditional upon the success that a person or concern has in securing a contract.

  • Continuity of Operations Plan (COOP)

    A detailed strategy developed to ensure the continuation of essential functions during an emergency that result in the inability of the organization to provide essential services to its constituents. The COOP must be a fluid and dynamic plan capable of being immediately adjusted and modified depending on the situation. A well-developed COOP addresses the people, processes, systems, and infrastructure elements that will be needed to continue to perform essential functions during a disaster or emergency situation. Also referred to as Business Continuity Plan.

  • Continuous Improvement

    A process for improving an organization’s performance along several criteria, particularly quality, over a period of time. An outcome generally included in a total quality management program. (Burt, Dobler, & Starling, 2003)

    See Also: Total Quality Management (TQM)

  • Contract

    1. An obligation, such as an accepted offer, between competent parties upon a legal consideration, to do or abstain from doing some act. The essential elements of a contract are an offer and an acceptance of that offer; the capacity of the parties to contract; consideration to support the contract; a mutual identity of consent; legality of purpose; and definiteness. 2. A legally binding promise, enforceable by law. 3. An agreement between parties with binding legal and moral force, usually exchanging goods or services for money or other considerations.

  • Contract A – Bid Contract

    CANADA The solicitation or bid contract established between the owner of the solicitation (the “buyer”) and each of the suppliers who submit a compliant bid or proposal. The solicitation document (e.g., Invitation to Tender, Request for Proposals, etc.) is viewed as an invitation by the buyer for interested suppliers to submit a bid or proposal and an offer by the buyer to enter into a Contract “A” (or Bid Contract) with any supplier that submits a bid or proposal. The submitted bid or proposal is the supplier's acceptance of the buyer’s offer to enter into Contract “A” and also an offer by the supplier to enter into Contract “B” (see defined term) with the buyer. The formation of a Contract "A" occurs with each supplier whose bid or proposal is responsive (i.e., meets all mandatory criteria of the solicitation). By submitting a responsive bid or proposal, the supplier agrees to be bound by all terms and conditions of the solicitation as established by the buyer (e.g., conditions of tender or the solicitation rules of process). (British Columbia, 2016)

  • Contract Acquisition Plan


    See Also: Contract Administration Plan (CAP)

  • Contract Adjusted Amount

    The dollar value for a contract reflecting adjustments made for changes such as foreign currency fluctuations or inflation.