Dictionary of Procurement Terms

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Search Results: 201-210 of 214 results for “S”

  • Supply Positioning

    An analysis of the complexity of the supply marketplace and its impact on agency service delivery based on such factors as dependency of agency service delivery upon particular goods and service; risk to agency service delivery arising from potential disruption, such as discontinuity of supply or significant increase in price; the makeup of the marketplace; lead times and the complexity of the technology involved; and the source of the original manufacture or service supply and any related opportunities.

    See Also: Market Analysis, Procurement Profile, Spend Analysis

  • Supply Voucher

    CANADIAN A document used to obtain materiel items from stock. Usually used to obtain consumable items.

  • Supply-Side Policy

    The use of tax incentives, deregulation, and other mechanisms to increase the ability and willingness to produce goods and services. (Schiller, 2000)

  • Surety

    A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer that protects against default or failure of the contracted bidder/proposer to satisfy the contractual obligations.

  • Surplus

    1. Results in an overstock situation when the quantity of goods on hand exceeds the quantity of goods needed. The overstocked goods may be returned to the supplier, sold at auction, or disposed of in a method acceptable to the entity. 2. Refers to goods or materials that are obsolete or no longer needed by the agency and are designated for disposal. Surplus becomes available for disposal outside of the entity because of some unforeseen situation that affects the use of the item. An example would be chairs or desks that have been replaced with new items.

    See Also: Obsolete Supplies/Equipment

  • Surveillance

    Often used in contracting, the term refers to a quality assurance process in which both the entity and the contractor are regularly monitored to ensure the parties are meeting their obligations as defined in the contract.

    See Also: Contract Administration, Contract Management

  • Suspension

    Prohibiting a supplier from submitting bids and proposals for a definite or indefinite period of time. A temporary determination to exclude a supplier from obtaining any contracts for a period of time, usually before initiating debarment. Reasons for this action may include poor performance, late deliveries, violations of previous contract terms, etc.

    See Also: Debarment

  • Suspension of Work Clause

    A contract provision that allows an agency to suspend, interrupt, or delay work for the agency’s convenience. A contractor is not entitled to compensation if the delay is the contractor’s fault. A contractor may be compensated only if the resultant delay is considered unreasonable.

    See Also: Ordered Suspension

  • Sustainability

    The capacity to endure. Sustainability requires a reconciliation of environmental, social, and economic demands. It encompasses the concept of stewardship, which is the responsible management of resource use.

    See Also: Environmentally Preferable Purchasing

  • Sustainable Procurement

    Purchasing and investment process that takes into account the economic, environmental, and social impacts of an entity's spending.

    See Also: Environmentally Preferable Purchasing