Dictionary of Procurement Terms

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Search Results: 11-20 of 80 results for “T”

  • Tax Base

    The amount of income or property directly subject to nominal tax rates. (Schiller, 2000)

  • Tax Burden

    A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000)

  • TCO


    See Also: Total Cost of Ownership (TCO)

  • Team Development Stages

    Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and difficulty to agree on goals and priorities; 3. Norming - Team defines a set of rules and roles to coordinate group interaction and make the pursuit of goals effective. Team begins to work cohesively; 4. Performing - Team members work within the team structure agreed upon to achieve its goals and objectives; 5. Adjourning - The team completes the project/task and disbands. (Ferrell & Hirt, 2002)

  • Team Leadership

    Professor Robert Trent of Lehigh University identified ten requirements for effective team leadership: 1. Work with the team to establish and commit to performance goals; 2. Secure individual member involvement and commitment; 3. Manage internal team conflict; 4. Help maintain team focus and direction; 5. Secure required organizational resources; 6. Prevent team domination by a member or faction; 7. Deal with internal and external obstacles confronting the team; 8. Clarify and help define each member’s role; 9. Provide performance feedback to team members; 10. Coordinate multiple tasks and manage the status of team assignments.

  • Technical Proposal

    A response to a solicitation that describes in detail what an offeror proposes to do, furnish, and the method of delivery with no mention of cost. May be part of a two-step response contained within an offer, the second part being the price proposal.

  • Technical Specifications

    A subset of design specifications that establishes the material and operating requirements of commodities.

  • Tender

    A bidding process for goods, services, or construction that is open to all qualified Bidders and where the sealed Bids are opened in public for scrutiny and are chosen on the basis of compliance with the Bid requirement and lowest price. Also referred to as competitive tender or public tender and is a term normally used in Canadian procurement. Also see Bid and Solicitation.

    See Also: Solicitation

  • Term Contract

    A type of contract in which a source of supply is established for a specified period of time for specified services or supplies; usually characterized by an estimated or definite minimum quantity, with the possibility of additional requirements beyond the minimum, all at a predetermined unit price.

  • Termination for Convenience

    A contract clause that may be contained within boilerplate language that allows for contract to be ended at the discretion of the governmental entity. Action by which the purchasing entity, in accordance with contract provisions, unilaterally cancels all or part of the contract work for the best interest of the jurisdiction, and with no reflection on the contractor’s performance.

    See Also: Termination for Default, Cancellation of a Contract, Discharge By Mutual Assent