GLOSSARY OF TERMS Acceptance Test Procedure: Benchmarks and other performance criteria, developed by the State of Nebraska or other sources of testing standards, for measuring the effectiveness of products or services and the means used for testing such performance. Addendum: Something to be added or deleted to an existing document; a supplement. Agency: Any state agency, board, or commission other than the University of Nebraska, the Nebraska State colleges, the courts, the Legislature, or any other office or agency established by the Constitution of Nebraska. Agent/Representative: A person authorized to act on behalf of another. Amend: To alter or change by adding, subtracting, or substituting. Amendment: A written correction or alteration to a document. Appropriation: Legislative authorization to expend public funds for a specific purpose. Money set apart for a specific use. ARO: After Receipt of Order Award: All purchases, leases, or contracts which are based on competitive proposals will be awarded according to the provisions in the Request for Proposal. The State reserves the right to reject any or all proposals, wholly or in part, or to award to multiple bidders in whole or in part. The State reserves the right to waive any deviations or errors that are not material, do not invalidate the legitimacy of the proposal, and do not improve the competitive position. All awards will be made in a manner bidder’s deemed in the best interest of the State. Best and Final Offer (BAFO): In a competitive bid, the final offer submitted which contains the terms for price. bidder’s (vendor’s) most favorable Bid/Proposal: The offer submitted by a vendor in a response to written solicitation. Bid Bond: An insurance agreement, accompanied by a monetary commitment, by which a third party (the surety) accepts liability and guarantees that the vendor will not withdraw the bid. Bidder: A vendor who submits an offer bid in response to a written solicitation. Business: Any corporation, partnership, individual, sole proprietorship, joint-stock company, joint venture, or any other private legal entity. Business Day: Any weekday, except State-recognized holidays.
GLOSSARY OF TERMS Acceptance Test Procedure: Benchmarks and other performance criteria, developed by the State of Nebraska or other sources of testing standards, for measuring the effectiveness of products or services and the means used for testing such performance. Addendum: Something to be added or deleted to an existing document; a supplement. Agency: Any state agency, board, or commission other than the University of Nebraska, the Nebraska State colleges, the courts, the Legislature, or any other office or agency established by the Constitution of Nebraska. Agent/Representative: A person authorized to act on behalf of another. Amend: To alter or change by adding, subtracting, or substituting. Amendment: A written correction or alteration to a document. Appropriation: Legislative authorization to expend public funds for a specific purpose. Money set apart for a specific use. ARO: After Receipt of Order Award: All purchases, leases, or contracts which are based on competitive proposals will be awarded according to the provisions in the Request for Proposal. The State reserves the right to reject any or all proposals, wholly or in part, or to award to multiple bidders in whole or in part. The State reserves the right to waive any deviations or errors that are not material, do not invalidate the legitimacy of the proposal, and do not improve the bidder’s competitive position. All awards will be made in a manner deemed in the best interest of the State. Best and Final Offer (BAFO): In a competitive bid, the final offer submitted which contains the bidder’s (vendor’s) most favorable terms for price. Bid/Proposal: The offer submitted by a vendor in a response to written solicitation. Bid Bond: An insurance agreement, accompanied by a monetary commitment, by which a third party (the surety) accepts liability and guarantees that the vendor will not withdraw the bid. Bidder: A vendor who submits an offer bid in response to a written solicitation. Business: Any corporation, partnership, individual, sole proprietorship, joint-stock company, joint venture, or any other private legal entity. Business Day: Any weekday, except State-recognized holidays.
5089%20Z1%20RFP%20Final%208-31-15.docx