Dictionary of Procurement Terms

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Search Results: 1-3 of 3 results for “Agent”

  • Agent

    1. A person or thing which acts upon someone or something; one who or that which exerts power; the doer of an action. (OED Online, 2015) 2. In public procurement, this designation is usually incorporated into statute and ordinance. Empowered to act for another. (NASPO, 2001)

    See Also: Law of Agency, Principal, Buyer

  • General Agent

    An agent who has much broader powers and more latitude in using their own judgments to carry out duties assigned to them by their principals; they act on behalf of the principal on a continuous basis.

  • Special Agent

    An agent who has limited authority to perform only special tasks for its principal.