Procurement Terms in Plain English Government English More Information Term ‘Translation’ This is just a fancy term for when you actually Acquisition Purchase or Buy make the purchase or buy something. Advantageous in this case just means that it is Advantageous Helpful profitable (or beneficial) for your agency. Affirmative Action steps are management tools Affirmative --- designed to make sure that all parties have an Action Steps equal chance. Aggregate means the total amount spent at one Aggregate Total time or the total dollar amount of a contract. This is really just getting at the issue that the items in the contract must be reasonable and logical. A person with common sense would spend his or her own money on the items. Arbitrary might also Not reasonable mean uninformed. You don’t make an “arbitrary” Arbitrary or not decision about what should be included in the responsible contract. You would group like things together. For example, you would not arbitrarily decide to put toys on the same contract as supplies and food stuff for the kitchen. Interested A bidder is a company or business in your area (or Bidder Company or that serves your area) that might be interested in Business providing the items that you need. Being bonded means that an insurance company has secured money that is available to the buyer in the event they you need to file a Bonded Insured claim against the company. The money is in the control of the state, a bond, and not under the control of the ‘bonded’ company. Conducting simply put means doing or Conducting Doing completing a task.
Procurement Terms in Plain English Government Term English ‘Translation’ More Information Acquisition Purchase or Buy This is just a fancy term for when you actually make the purchase or buy something. Advantageous Helpful Advantageous in this case just means that it is profitable (or beneficial) for your agency. Affirmative Action Steps --- Affirmative Action steps are management tools designed to make sure that all parties have an equal chance. Aggregate Total Aggregate means the total amount spent at one time or the total dollar amount of a contract. Arbitrary Not reasonable or not responsible This is really just getting at the issue that the items in the contract must be reasonable and logical. A person with common sense would spend his or her own money on the items. Arbitrary might also mean uninformed. You don’t make an “arbitrary” decision about what should be included in the contract. You would group like things together. For example, you would not arbitrarily decide to put toys on the same contract as supplies and food stuff for the kitchen. Bidder Interested Company or Business A bidder is a company or business in your area (or that serves your area) that might be interested in providing the items that you need. Bonded Insured Being bonded means that an insurance company has secured money that is available to the buyer in the event they you need to file a claim against the company. The money is in the control of the state, a bond, and not under the control of the ‘bonded’ company. Conducting Doing Conducting simply put means doing or completing a task.
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