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<br />GLOSSARY <br /> <br />Agreement <br /> <br />An understanding or contract between two <br />or more parties. <br /> <br />Appropriation <br /> <br />City Council authorization to expend funds <br />for a specific purpose. <br /> <br />Award <br /> <br />Acceptance of a bid or proposal <br /> <br />Back Order <br /> <br />Undelivered parts of an order which the <br />vendor agrees to ship later. <br /> <br />Best Interests of the City <br /> <br />Rationale granting Purchasing discretion in <br />taking action most advantageous to the <br />City <br /> <br />Bid <br /> <br />Executed document submitted by a firm or <br />person in response to Invitation for Bids, <br />Proposals or Requests for Quotations. <br /> <br />Bidder <br /> <br />Person or firm submitting a competitive bid <br />in response to a solicitation. <br /> <br />Bidder's List <br /> <br />A list containing names and addresses of <br />suppliers or providers from whom bids or <br />proposals have been solicited. <br /> <br />Blanket Purchase Order <br /> <br />An agreement between the City and a <br />vendor allowing authorized City employees <br />to charge purchases of goods and/or <br />services at pre-arranged prices, dollar limits <br />and/or other Temls and Conditions. <br /> <br />Brand Name or Approved Equal <br /> <br />A specification that cites brand names, <br />model numbers, or other identifications and <br />invites bids on comparable items or <br />products of any manufacturer. <br /> <br />Change Order <br /> <br />Written modification to a purchase order <br />authorized by the Purchasll1g Office <br /> <br />Competitive Bidding <br /> <br />The submission of prices by individuals or <br />finns competing for a contract, privilege, or <br />