OC4H glossary


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B

bid

Is an offer made by an individual or business for a product or service . Generally includes price and other technical aspects.

bidder

An interested party in a specific procurement process that has submitted a bid.

bidding documents

Documents sent by the bidder to bid for a contract.

budget

A sum of money dedicated to a specific purpose.

building block

Common concepts that may occur at multiple points in an OCDS file (e.g. values, items, time periods) and for a common data structure is given.

buyer

The buyer is the entity whose budget will be used to purchase the goods, works or services that are the subject of the contracting process. The buyer may be different from the procuring entity who may be specified in the tender data.