Dictionary of Procurement Terms

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

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Search Results: 241-248 of 248 results for “P”

  • Purchasing Methods

    CANADIAN Canadian public procurement methods to procure goods and services include: Invitation to Tender (ITT), Request for Proposals (RFP), Request for Quotation (RFQ), Request for Standing Offer (RFSO), and Telephone Buy (T-buy).

  • Purchasing Officer

    An official in charge of the procurement operation, from the determination of needs to follow-up, who ensures timely delivery.

  • Purchasing Organization

    Employees responsible for purchasing needed supplies, services, and construction; the purchasing department.

  • Purchasing Policy

    A course of action adopted by the public agency that provides guidance relative to procurement actions.

  • Purchasing Power Parity (PPP)

    PPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives that show the ratio of the prices in national currencies of the same good or service in different countries. PPPs are also calculated for product groups and for each of the various levels of aggregation up to and including GDP. (OECD, 2015)

  • Purchasing Procedure

    A mode of conducting purchasing activities.

  • Push Strategy

    An attempt by manufacturers, wholesalers, and other distribution channels to motivate intermediaries to push the product down to their customers. (Business, 2002)

  • PWS


    See Also: Performance Work Statement (PWS)