Procurement terminology
Thread Content
This article is taken from: http://www.huagong001.cn/read.php?tid-6308.html. I think it’s quite good, so I’m sharing it here for everyone’s learning purposes! ! ! accept – to receive or agree to somethingacceptable date – the deadline that is considered acceptable
acceptable material – material that meets the required standards
acceptable price – a price that is considered reasonable
acceptable quality – quality that satisfies the specified requirements
accept a claim – to agree to settle a claim
acceptance – approval, agreement, or acceptance of something
acceptance bank – the bank that provides acceptance
acceptance certificate – a document confirming acceptance
acceptance contract – a contract that involves acceptance
acceptance L/C – a letter of credit with a deferred payment term
acceptance of a project – the completion and approval of a project
acceptance of offer – agreeing to a proposed price or terms
acceptance of’tender – agreeing to a submitted bid
acceptance of the bid – winning a bid
acceptance of works – the completion and approval of construction work
acceptancespecification – specifications for acceptance
acceptance with reservation – acceptance with certain conditions
accept an invitation – to agree to an invitation
accept an offer – to agree to a proposed price or terms
accept an order – to agree to take on a order
accept a quotation – to agree to a proposed price
accepted letter ofcredit – a letter of credit that has been approved
acceptor – the person or entity that accepts something
accept the bid – to agree to a submitted bid
accept the tender – to agree to a submitted bid
accept your suggestion – to agree to your proposal
access – means of entry or access
accessory – additional items or components
accessory contract – an additional contract or agreement
access to works – permission to enter the construction site
access to data – permission to view certain data
accident – an incident or accident
accident insurance – insurance covering accidents
accident to workmen – accidents involving workers
accommodation – arrangements for lodging and food
accommodationbill – a document related to accommodation arrangements
accommodationnote – a note related to accommodation arrangements
accomplished bill of lading – a bill of lading indicating that goods have been delivered
according to – in accordance with
account – an account or record
accountant – a person who handles accounting tasks
account balance – the remaining amount in an account
accountbill – an invoice or statement related to an account
accountbook – a book used for keeping account records
accounting – the process of recording and managing financial transactions
accountingevidence – documents related to accounting activities
accounting methods – techniques used in accounting
accounting records: Financial records
accounting system: Accounting framework
account law: Accounting legislation
account No.: Account number
account receivable: Accounts due from others
accounts payable: Accounts owed to others
accounts payable ledgers: Ledgers for accounts payable
accrual of interest: Accumulated interest, interest that is accrued
accumulating amount: Total amount accumulated
accrued rights: Rights that have been established
accumulate: To accumulate over time
accuracy: Precision, correctness
accusation: Complaints or accusations
achieve: To reach a goal or complete something
achievement: Successes or accomplishments
acknowledge: To admit or receive notice of something
acquaint with the market conditions: To be familiar with market conditions
acquisition cost: Cost of purchasing something
act: Behavior or actions
acting in good faith: Acting with integrity
acting manager: Acting manager
action: Actions taken
active balance: Surplus
act of God: Natural disasters
actual tare: Actual weight without packaging
actual total loss: Complete loss of value
addendum: Supplementary information
addition: Additional elements or items
additional contract clauses: Supplementary terms in a contract
additional clauses: Extra provisions in a contract
additional costs: Extra expenses or costs
additional payment: Extra payments
additional services: Extra services provided
additional survey: Further surveys conducted
additional tax: Extra taxes owed
additional work: Extra tasks or projects
additions: Increases or additions to something
address: Address
address book: Contact list
address correction: Correction of addresses
addressee: Person who receives something
addresser: Person who sends something
address modification: Change of address
add to the prices: Increase prices
adequacy of insurance: Sufficiency of insurance coverage
adequate supply: Sufficient supply of goods/services
ad hoc arbitration: Arbitration conducted on an ad hoc basis
adjudication: Decision made by an arbitrator
adjust: To make adjustments
adjusted price: Price after adjustments
adjustment: Process of making adjustments
administer: To manage or oversee something
administer claim: To handle claims
administer price: To control prices
administration: Management of affairs
administration cost: Costs associated with management
administration expense account: Account for management expenses
administration fee: Fees related to management
administration law: Laws related to administration
administration manager: Person in charge of administrative matters
administrative arrangements: Organizational arrangements
administrative building: Office building
administrative overhead: Expenses related to administration
administrative personnel: People responsible for administration
administrative staff: Administrative workers
administrative tribunal: Tribunal responsible for administrative matters
administrator: Person who manages affairs
admission: Permission to do something
admonition: Warning given to someone
adopt: To accept or use something
adoption: The act of adopting something
adulterate: To mix fake substances into something
ad valorem duties: Taxes based on the value of goods
accounting system: Accounting framework
account law: Accounting legislation
account No.: Account number
account receivable: Accounts due from others
accounts payable: Accounts owed to others
accounts payable ledgers: Ledgers for accounts payable
accrual of interest: Accumulated interest, interest that is accrued
accumulating amount: Total amount accumulated
accrued rights: Rights that have been established
accumulate: To accumulate over time
accuracy: Precision, correctness
accusation: Complaints or accusations
achieve: To reach a goal or complete something
achievement: Successes or accomplishments
acknowledge: To admit or receive notice of something
acquaint with the market conditions: To be familiar with market conditions
acquisition cost: Cost of purchasing something
act: Behavior or actions
acting in good faith: Acting with integrity
acting manager: Acting manager
action: Actions taken
active balance: Surplus
act of God: Natural disasters
actual tare: Actual weight without packaging
actual total loss: Complete loss of value
addendum: Supplementary information
addition: Additional elements or items
additional contract clauses: Supplementary terms in a contract
additional clauses: Extra provisions in a contract
additional costs: Extra expenses or costs
additional payment: Extra payments
additional services: Extra services provided
additional survey: Further surveys conducted
additional tax: Extra taxes owed
additional work: Extra tasks or projects
additions: Increases or additions to something
address: Address
address book: Contact list
address correction: Correction of addresses
addressee: Person who receives something
addresser: Person who sends something
address modification: Change of address
add to the prices: Increase prices
adequacy of insurance: Sufficiency of insurance coverage
adequate supply: Sufficient supply of goods/services
ad hoc arbitration: Arbitration conducted on an ad hoc basis
adjudication: Decision made by an arbitrator
adjust: To make adjustments
adjusted price: Price after adjustments
adjustment: Process of making adjustments
administer: To manage or oversee something
administer claim: To handle claims
administer price: To control prices
administration: Management of affairs
administration cost: Costs associated with management
administration expense account: Account for management expenses
administration fee: Fees related to management
administration law: Laws related to administration
administration manager: Person in charge of administrative matters
administrative arrangements: Organizational arrangements
administrative building: Office building
administrative overhead: Expenses related to administration
administrative personnel: People responsible for administration
administrative staff: Administrative workers
administrative tribunal: Tribunal responsible for administrative matters
administrator: Person who manages affairs
admission: Permission to do something
admonition: Warning given to someone
adopt: To accept or use something
adoption: The act of adopting something
adulterate: To mix fake substances into something
ad valorem duties: Taxes based on the value of goods
application for employment: Job application form, application to seek employment. application for insurance: Insurance application form. application for payment: Request for payment. application for special commitment: Application for a special commitment. application for withdrawal: Withdrawal request. appoint: To assign or designate someone. appraisal: Evaluation or assessment. appraise: To evaluate. appraiser: Person who conducts evaluations. appreciation: Increase in value or price. appropriate: To allocate funds or resources. appropriate A for B: To assign A to B. appropriate a fund: To allocate funds. appropriate money: To allocate money. appropriate price: To set an appropriate price. appropriation: Allocation of funds. approval: Authorization or consent. approval notice of the contract: Notice of approval for a contract. approve: To give approval. approved: Already approved. approx*imate: Approximate or approximate value. arbitral: Related to arbitration. arbitrate a dispute: To resolve a dispute through arbitration. arbitrate between two parties: To conduct arbitration between two parties. arbitration: The process of arbitration. arbitration agreement: Agreement regarding arbitration. arbitration award: Decision made through arbitration. arbitration procedure: Procedures related to arbitration. arbitrator: Person who oversees arbitration. architect: Person who designs buildings. architectural design: Design of buildings. architectural engineer: Engineer specializing in architectural design. architecture: Architectural design and theory. area: Region or area of land. area allotted for the construction: Area designated for construction projects. area superintendent: Person in charge of overseeing construction projects
argument: dispute; arithmetical error: arithmetic mistake; arrange: to organize; arrangement: plan; arrears: debts owed; arrestment: seizure of property; arrive: to reach; arrow network: arrow diagram; article: clause, regulation; artificial person: legal entity; ASAP (as soon as possible): as quickly as possible; assets account: asset account; assets cover: asset collateral; assets depreciation: depreciation of assets; assets turnover: asset turnover rate; assign: to allocate or delegate; assignee: recipient; assigner: transferor; assignment: transfer; assistance: help; assistance with local regulations: support in understanding local rules; assistant: helper; assistant engineer: junior engineer; assistant superintendent: deputy supervisor; associate: partner; Associated General Contractors of America (AGC): Association of General Contractors in the Americas; association: organization; assurer: insurer; at sight: upon presentation of the bill; attach: to include as an attachment; attachment: supplementary document; attendance: presence; attention: focus; attestation: certification, testimony; at the earliest possible date: as soon as possible; attorney: agent, lawyer; auction: bidding process; Asian Development Bank: Asian Development Bank; ask: to inquire about prices; asked price: requested price; ask for loan: to request a loan; ask for payment: to demand payment; ask for samples: to request samples; ask the price: to inquire about the price; ask the price of: to inquire about the price of something; asphalt felt: asphalt felt material; assay: testing; assembly: assembly process; assembly drawing: installation diagram; assembly line: production line; assess: to estimate or determine; assessment of claims: evaluation of claims; assessor: person responsible for assessing values; assets: property/wealth. Continues... . . . . . This post was last edited by *aodu266 on 2009-2-14 23:43]
Our company is organizing an MBA training course that covers a lot of financial knowledge; there are some terms I don’t understand. Thank you for sharing this information.
Great material; thanks to the original poster for their hard work