Dictionary of Procurement Terms

Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 11-20 of 41 results for “U”
  • Underwriter’s Laboratory (UL)

    A global independent safety science company dedicated to promoting safe living and working environments.
  • Unfair Competitive Advantage

    Government action that provides for an advantage of one competitor over other competitors. For example, an unfair competitive advantage may exist when a contractor competing for an award possesses proprietary information that was wrongfully obtained from the government without proper authorization. Occurs when a contractor gains exclusive access to information that is not available to other contractors/competitors.
  • Uniform Administrative Requirements for Grants in Aid to States and Local Governments

    Document issued by the Office of Management and Budget (OMB) in 1988 to establish uniform administration rules for federal grants and cooperative agreements. See also: OMB Circular A-102.
  • Uniform Commercial Code (UCC) (U.S. Law)

    Published in 1952 and revised and amended in 2003, the UCC was formulated by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute. The Code covers a wide range of commercial activities, but it is not applicable to United States federal government contracting. The UCC determines rights and obligations on the basis of fairness and reasonableness in the light of accepted business practices. The UCC has been adopted by all fifty states. Article 2, entitled “Sale of Goods,” is the most important part of the UCC for procurement professionals. Absent a specific state or federal statute or administrative regulation, Article 2 will govern a contract for the sale of goods.
  • Uniform Freight Classification

    A system that groups related goods/commodities into specific rate categories; governs class rates for rail transportation. See also: Class Rate.
  • Uniform Mediation Act (UMA)

    Adopted by the National Conference of Commissioners on Uniform State Laws on February 4, 2002. The UMA was promulgated to harmonize the proliferation of state and local mediation laws in hopes of devising a uniform law that would be adopted by the states.
  • Unilateral

    1. One-sided. 2. A procurement action initiated by one party. 3. Involving or affecting only one side or one party.
  • Unilateral Modification (of a Contract)

    The right of one party to a contract to change the contract pursuant to the change clause of a contract. A unilateral modification may occur for two reasons: 1) The right to unilaterally modify the contract has been given to the public agency in the contract itself, or 2) The modification is for a minor purpose. See also: Bilateral Modification (of a Contract).
  • Uninsurable Risk

    A situation for which insurance companies will not provide coverage because such situation would violate the law or pose an unacceptable or unknowable risk of loss.
  • Unit Cost

    The cost of a unit of product or service, determined by dividing the total costs for a given period of operation by the number of units produced during that period.
  • 1
  • You're on page 2
  • 3
  • 4
  • 5



Is there a term missing from our dictionary?


Does a more concise or relevant definition apply?


Submit your comments/suggestions to our editorial board at dictionary@nigp.org