means a surety bond issued by an insurance company or bank to “Performance Bond” secure a Contracting of a contract. Party’s performance "Procurement" means the act of buying, purchasing, renting, leasing, or otherwise acquiring any goods or services covered by these Rules. It also includes all functions that pertain to the obtaining of any goods or services, including the description of requirements, selection and solicitation of sources, preparation and award of a contract, and all phases of contract administration. means the State entity created and empowered by Tenn. “Procurement Commission” Code Ann. § 4-56-102. means an employee of the Central Procurement Office or a “Procurement Professional” State Agency who has a meaningful role in the procurement of goods or services. By way of example only, a procurement professional may include a contract administrator, a solicitation coordinator or a market analyst. means the departments, agencies, and entities of the State of “Procuring Agency” Tennessee which make requisitions for or procure goods or services. means the form of contract that is attached to a solicitation that “Pro Forma Contract” each awarded respondent is required to sign, absent negotiation as set forth in the solicitation. means a response to a Central Procurement or Delegated “Proposal” proposer’s Office’s State solicitation for goods or services. Agency’s means a surety bond issued by an insurance company, bank, or other “Proposal Bond” financial institution to ensure that the winning proposer will enter into a contract. means any person or legal entity with the legal capacity to enter into contracts “Proposer” and sue and be sued who responds to a written solicitation for goods or services issued by the Central Procurement Office or a Delegated State Agency. means a good or service that is used, produced, or marketed under “Proprietary” exclusive legal right of the inventor, maker or service provider that is protected under trade secret, patent, trademark, or copyright law.
“Performance Bond” means a surety bond issued by an insurance company or bank to secure a Contracting Party’s performance of a contract. "Procurement" means the act of buying, purchasing, renting, leasing, or otherwise acquiring any goods or services covered by these Rules. It also includes all functions that pertain to the obtaining of any goods or services, including the description of requirements, selection and solicitation of sources, preparation and award of a contract, and all phases of contract administration. “Procurement Commission” means the State entity created and empowered by Tenn. Code Ann. § 4-56-102. “Procurement Professional” means an employee of the Central Procurement Office or a State Agency who has a meaningful role in the procurement of goods or services. By way of example only, a procurement professional may include a contract administrator, a solicitation coordinator or a market analyst. “Procuring Agency” means the departments, agencies, and entities of the State of Tennessee which make requisitions for or procure goods or services. “Pro Forma Contract” means the form of contract that is attached to a solicitation that each awarded respondent is required to sign, absent negotiation as set forth in the solicitation. “Proposal” means a proposer’s response to a Central Procurement Office’s or Delegated State Agency’s solicitation for goods or services. “Proposal Bond” means a surety bond issued by an insurance company, bank, or other financial institution to ensure that the winning proposer will enter into a contract. “Proposer” means any person or legal entity with the legal capacity to enter into contracts and sue and be sued who responds to a written solicitation for goods or services issued by the Central Procurement Office or a Delegated State Agency. “Proprietary” means a good or service that is used, produced, or marketed under exclusive legal right of the inventor, maker or service provider that is protected under trade secret, patent, trademark, or copyright law.
ProcurementProceduresManualoftheCPOfinalcopy021518.docx