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Point Rating
An evaluation procedure in which a
list of criteria, to which values have been
assigned, is used to ascertain the individual
merits of proposals that have met the
mandatory factors specified in a Request for
Proposals (RFP).
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Point-Click-Buy-Ship
An eProcurement and
eBusiness protocol in which the buyer makes
a purchase from a supplier's website by
selecting the item and paying for it with a
charge card. See also: Click-and-Ship.
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Policy
A governing principle or plan that
establishes the general parameters for the
entity to follow in carrying out its
responsibilities.
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Policy of Insurance
The formal document
delivered by the insurance company to the
insured that evidences the rights and duties
between the parties.
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Political Subdivision
A political entity within a
state that has been delegated certain
functions of local government. May include
counties, cities, towns, villages, hamlets,
boroughs, or parishes.
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POR
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Portable Document Format (PDF)
Electronic
format used to save a file so that it is easy to
share and print among various hardware,
software, and platforms.
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POS
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Post-Award Activity
Activity after the contract has
been awarded that ensures the buyer
receives what was ordered on time and at the
price and quality specified. This activity may
include supplier development, technical
assistance, troubleshooting, and the
management of the contract and the resulting
relationship.
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Post-Award Start-Up Conference
A meeting held
with the contractor who was awarded the
contract prior to the beginning of contract
performance. It ensures that the contractor
fully understands the expectations, performs
accordingly, and can provide the foundation
for an effective contract effort. Objectives of
the post-award conference are to ensure the
contractor understands the technical
requirements of the contract; to clarify the
rights and responsibilities of both parties; and
to determine the need for follow-up meetings.
