Dictionary of Procurement Terms

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Search Results: 71-80 of 122 results for “E”

  • Equipment

    Major items that are not expendable except through depreciation or wear and tear and which, although they may be fixed or positioned in prescribed places, do not lose their identity or become integral parts of other items or installations.

  • Equipment Condition Codes

    CANADIAN Specific categories or grades assigned to materiel based upon its further usefulness, as to whether it is serviceable, repairable, or condemned.

  • Equity

    Justice according to natural law or right; freedom from bias or favoritism.

  • Equivalent Items

    Items that, without actually being identical, have sufficient in common to be capable of being used for the same purpose.

    See Also: Brand Name, Brand Name (or Equivalent)

  • Ergonomics

    1. The applied science of product/equipment design intended to reduce operator fatigue and discomfort. 2. To design the physical environment to enable the worker to work more effectively and safely.

  • ERP


    See Also: Enterprise Resource Planning (ERP)

  • Errors and Omissions Insurance

    An insurance form that protects the insured against liability for committing an error or omission in performance of professional duties. Generally, such policies are designed to cover financial losses rather than liability for bodily injury and property damage. (IRMI)

  • Escalator (Escalation) Clause

    Allows the contract price to be adjusted up or down in direct relationship to a defined market indicator such as the Consumer Price Index (CPI).

  • Escrow

    A sum of money, bond, piece of property, or deed delivered into the keeping of a third party by one party to a contract, to be returned only when an obligation is fulfilled, or conditions of a contract are met.

  • eSign


    See Also: Electronic Signatures in Global and National Commerce Act (E-Sign)