NIGP Procurement Terms set 1 | 2000 question Rated 100% Correct!!

A/E Professional Services - Services that require performance by a registered architect or engineer. Professional services of an architectural or engineering nature that are associated with research, planning, development, and design for construction, alteration, or repair. A+B Bidding - A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fines for late completion. ABA Model Procurement Code for State and Local Government. - Developed by the American Bar Association (ABA) and adopted in 1979. A collection of statutory principles and policies that provides guidance to public policy managers who wish to manage public procurement. State and larger local governments have individually codified the ABA MPC into procurement law and policy to effectively guide their procurement organizations. The code was updated in 2000 and contains enhancements in the following area: Electronic Commerce, Cooperative Purchasing, Flexibility in Purchasing Methods and Processes for Delivery of Infrastructure Facilities and Services. Also called the Model Procurement Code. ABA Model Procurement Ordinance for Local Governments - Similar to ABA Model Procurement Code, but for use by small local jurisdictions. ABC inventory classification - divides inventory into dollar volume categories that map into strategies appropriate for the category absolute advantage - the ability to produce a good using fewer inputs than another producer accelerator - A model relating to changes in output. Asserts that firms invest more when output is rising and less when it is falling. The rise in output raises the ratio of output to capacity. Accept - to receive as approved, adequate, or satisfactoryAccept with Consideration of Non-conforming Goods - Terminology that describes the process that occurs after non-conforming goods have been rejected by the buyer. The vendor offers a discount or other incentive to encourage the buyer to accept the non-conforming goods and when the buyer then accepts them, it is done with consideration of non-conforming goods. Example: Buyer contracts for black color garbage bags and the vendor ships clear garbage bags in error. Buyer notifies vendor of the nonconforming goods and the vendor offers to reduce the price of this shipment in order to entice the buyer to keep and use the non-conforming goods. Accept without Consideration of Non-conforming Goods - Describes the buyer's decision to accept the goods as-is, even though the item delivered does not meet what was ordered. This could be accepted for any number of reasons, however, most often it's because the contracting agency has a need for that ordered item. Acceptable Quality Level (AQL) - Maximum acceptable percentage of defectives defined by producer, or minimum performance that must be achieved by a product or service o perform as per specifications. Acceptance - Indication that all parties to the contract agree to be bound by the terms of the contract. Acceptance Sampling (Acceptance Testing) - A quality control technique used to evaluate the overall condition of a given lot by physically inspecting only a portion or sample of the lot. Also see Acceptable Quality Level (AQL). Access to Information Act - The Access to Information Act (R.S.C. 1985 c. A-1) gives every Canadian citizen, permanent resident, individual or corporation in Canada the right to request access to the records that are under the control of federal government institutions, regardless of their format