Evaluation Committee/ Panel |
A committee made up of an odd number of members (at least three) with the necessary technical and administrative expertise to give an informed opinion on tenders or grant applications. |
---|---|
BVM |
Short for “Best Value for Money”; the best combination available of monetary and non-monetary requirements that an organisation can get from its selection of suppliers. |
HPCs |
Short for “Humanitarian Procurement Centres”. Are not-for-profit organisations specialised in the technical and commercial management of supplies and services necessary for the implementation of humanitarian actions. They can provide technical assistance in procurement or supply pre-established stocks, purchasing or logistics capacity |
ISO |
Short for “International Organisation for Standardisation”. An independent entity that has been thinking and standardising the formulas that describes the best way of doing something. |
Certification |
Guarantee that a product and/or company has followed a quality process. |
Lead time |
The time between initiation of the acquisition of the goods and services up to the time of delivery. |
Market Analysis |
An essential component of context analysis, collecting information that will be useful to program the intervention and how to implement it. |
Market Research |
Activities and means to identify suppliers in a specific market. |
Negotiated Procedure |
Procedure without prior publication of a procurement notice, in which the Contracting Authority consults the candidate or candidates of its choice and negotiates the terms of the contract with one or more of them. |
Procurement |
The process of identifying and obtaining goods and services |
Purchase |
The specific function associated with the actual buying of goods and services from suppliers. |
QA |
Short for “Quality Assurance”; A procedure to ensure the quality of products or services by preventing mistakes and defects in manufactured products and avoiding problems when delivering products or services to beneficiaries. |
QC |
Short for “Quality Control”; checks to ensure quality in a product or a service. |
Quality |
All the elements and characteristics which constitute the product and which contribute to its compliance with the defined technical specifications. |
Sourcing |
Identifying and working with appropriate suppliers. |
Services |
Intellectual and non-intellectual services. |
Segregation of Duties |
Principle by which must have more than one person to complete a procurement activity. |
TCO |
Short for “Total Cost of Ownership”; Cost involved in buying and using a product over time. |
Tender Procedure |
The overall process of putting a contract out for tender, starting with the publication of a procurement notice and ending with the award of the tendered contract. |
Works |
The design and/or the execution of a rehabilitation, construction, etc. in accordance with the previously specified requirements. |
Common Terms in Procurement