237 / 252
225
CHAPTER 8
Marking:
Indications on a product or on a package primarily for the purpose
of identifying it; marks, marks of conformity, characteristics of the
product, etc. Marking may also be applied to equipment employed
in transferring a product to the user; for example, dispensers such
as petrol pumps.
Material:
See Goods.
Material deficiency:
Any deficiency (such as physical, chemical, electrical or functional)
noted in material that is attributed to non-conformance with contract
specifications. Substandard workmanship falls within this definition.
See also Non-conformance and Technical specification.
Multiple award:
The award of separate contracts to two or more tenderers for the
same product where a single tenderer does not offer to supply
the entire quantity required or where the buyer wants to split a
demanded quantity as part of his purchasing strategy. See also:
Multiple source buying.
Multiple source
buying:
A purchasing strategy by a buyer to diversify sources of supply,
reduce his dependence on one or few suppliers, and to increase
competition. See also Multiple award.
Mutual assent:
The basis for a contract is that each party agrees to the same thing.
Each must know what other intends; they must mutually assent to
be in agreement.
Negotiation:
The bargaining process between a buyer and tenderer, each
advancing his arguments in trying to get the best contract terms from
his viewpoint. It is allowed for only in specific forms of procurement.
See also Procurement methods.
Net price:
Final price after all adjustments have been made for all discounts
and rebates.
Network analysis:
Breaking down a complex project into a series of activities, arranging
these with precedence, putting against each of the activities the
estimated completion time and depicting the sequence on a diagram
to facilitate the identification of inter-relationships and critical
areas of activity, a delay in any one of which is likely to delay the
implementation of the project. It is a technique of contract monitoring
and administration.
Net weight:
The weight of the contents of a package/container/wagon net of
packaging material and/or tare weight. See also Gross weight and
Tare weight.
Non-conformance:
The failure of services and/or material supplied by a supplier to
conform to technical specifications and/or terms of reference
incorporated in the contract. See also Material deficiency.
GLOSSARY