Glossary
Browse 12 resources on glossary.
What is prior information / preliminary market engagement?
Buyers asking the market before they buy.
Read resource →What is a contract notice?The formal announcement that a buyer is going to market.
Read resource →What is a Dynamic Purchasing System (DPS)?An open list buyers run over several years, and why it suits smaller suppliers.
Read resource →What is a framework agreement?How framework call-offs and mini-competitions actually work.
Read resource →What is a mini-competition?Competing again against suppliers already on a framework.
Read resource →What is an award notice?The public record of who won, for how much.
Read resource →What is an Invitation to Tender (ITT)?The document that sets out what the buyer wants and how they will score it.
Read resource →What does SQ mean in procurement?The selection questionnaire, what it screens for, and why the questions repeat.
Read resource →What is MEAT in tender evaluation?Most economically advantageous tender, in plain terms.
Read resource →What is social value in procurement?The scored requirement that catches most first-time bidders out.
Read resource →What is the standstill period?The pause between award decision and contract signature.
Read resource →What is TUPE and when does it apply to a tender?The rule that transfers staff with the contract.
Read resource →