Glossary

NAICS (NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM) CODE [FORMERLY KNOWN AS SIC (STANDARD INDUSTRIAL CLASSIFICATION) CODE]

Classification of business established by type of activity for the purpose of facilitating the collection, tabulation, presentation, and analysis of data collected by various agencies of the United States government, state agencies, trade associations, and private research organizations for promoting uniformity and comparability in the presentation of statistical data relating to those establishments and their fields of endeavor.

NAPM

National Association of Purchasing Management. A nonprofit educational and technical organization of purchasing and materials management personnel and buying agencies from the public and private sectors.

NASPO

National Association of State Purchasing Officials. An organization of state procurement representatives for the purpose of promoting efficient and effective public purchasing policies and procedures at the state level. NASPO is an affiliate of the Control of State Governments (CSG).

NEGOTIATION

Requests for proposals are sometimes used as a starting point for negotiations to establish a contract. RFPs generally include more than just price considerations. This method is especially applicable when dealing with a single source manufacturer.

NET AMOUNT

Total amount payable excluding taxes.

NET PRICE

Price after all discounts, rebates, etc., have been allowed.

NEW ENGINEERING CONTRACT (NEC)

A family of standard contracts used in construction in the UK.

NIGP

National Institute of Governmental Purchasing. A nonprofit, educational and technical assistance corporation of public purchasing agencies and activities at the federal, state and local levels of government.

NO BID

A response to a solicitation for bids stating that the respondent does not wish to submit an offer. It usually operates as a procedure consideration to prevent suspension from the vendors list for failure to submit a response.

NON-CASHABLE SAVINGS

One-time savings that do not reduce the ongoing future budget.

NON-GOVERNMENTAL ORGANISATION (NGO)

A nonprofit organization that operates independently of any government.

NON-LINEAR PRICING

The unit price does change as the quantity ordered changes.