Showing posts with label Purchasing terms. Show all posts
Showing posts with label Purchasing terms. Show all posts

Monday, 1 July 2013

ALP

Authority for Local Purchase: granted by the commissionerof Administration to an individual who has successfully completed all requirements established by the Materials Management Division.

ALTERNATE RESPONSE

A substitute response; an intentional substantive variation to a basic provision or clause of a solicitation by avendor.

AMENDMENT/CHANGE ORDER

A written modification to a contract or purchase order orother agreements.

APPROPRIATION

Sum of money from public funds set aside for a specific purpose.

ARO

After Receipt of Order.

AGREEMENT

AGREEMENT
A duly executed and legallybinding contract; the act of agreeing.

ADVERTISE

ADVERTISE
To make a public announcement of the intention to purchase goods, services or construction with the intention of increasing the response and enlarging the competition. The announcement must conformto the legal requirements imposed by established laws,rules, policies and procedures to inform the public.

ADDENDUM

ADDENDUM
An addition or supplement to a document; e.g., items or information added to a procurement document.

ACQUISITION

ACQUISITION
The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. Includes the establishment of needs, description of requirements, selection of procurement method, selection of sources,solicitation of procurement, solicitation for offers, award of contract, financing, contraction administration, and related functions.

ACCEPTANCE

ACCEPTANCE
The act of accepting by an authorized representative; anindication of a willingness to pay; the assumption of a legal obligation by a party tothe terms and conditions of acontract.