Dictionary of Procurement Terms

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Search Results: 81-90 of 248 results for “P”

  • Post-Award Start-Up Conference

    A meeting held with the contractor who was awarded the contract prior to the beginning of contract performance. It ensures that the contractor fully understands the expectations, performs accordingly, and can provide the foundation for an effective contract effort. Objectives of the post-award meeting are to ensure the contractor understands the technical requirements of the contract; to clarify the rights and responsibilities of both parties; and to determine the need for follow-up meetings.

  • Postconsumer Material

    A material or finished product that has served its intended use and has been diverted or recovered from waste destined for disposal, having completed its life as a consumer item. Postconsumer materials are part of the broader category of recovered materials. (EPA)

  • PPI


    See Also: Producers Price Index (PPI)

  • PPM


    See Also: Parts-Per-Million (PPM)

  • PPP


    See Also: Purchasing Power Parity (PPP)

  • PPU


    See Also: Public Procurement Unit (PPU)

  • PR


    See Also: Purchase Requisition

  • Practicable

    Possible, a situation where it is deemed that a given factual result can occur.

  • Pre-Award Contract Review

    An audit or survey performed before a Contract is awarded to determine the Supplier’s or Contractor’s technical, managerial, and financial ability to perform under the proposed Contract, as well as the establishment of and compliance with appropriate procurement system procedures.

  • Pre-Bid/ Pre-Proposal Conference (Meeting)

    A meeting held by the buyer with potential bidders/proposers prior to the opening of the solicitation for the purpose of answering questions, clarifying any ambiguities, and responding to general issues to establish a common basis for understanding all of the requirements of the solicitation. May result in the issuance of an addendum to all potential providers. In certain situations, a mandatory conference may be advisable.

    See Also: Pre-Solicitation Conference, Bidders Conference