Public Institution
An institution receiving government funding to support its food service operations.
Request for Proposals (RFP)
A type of formal solicitation that allows for consideration of evaluation metrics beyond lowest cost.
Single Purchase Order
Stand-alone purchases by an institution from a values-based vendor that enable institutions to make values-based purchases without having to make long-term commitments.
Small Purchase
Also called a "simplified acquisition," small purchases require less formality than a formal solicitation, but more than a micro-purchase. Under federal law, small purchases are those between $10,000 and $250,000, and they require institutions to acquire bids from multiple qualified sources, but they allow for consideration of cost and other factors.
Specifications
Product standards and vendor eligibility requirements included in a solicitation, such as a request for proposals or an invitation for bids.
Standing Purchase Order
A recurring purchase by an institution from a values-based vendor, typically of a set dollar amount of product quantity, made on a specified time interval.
Traditional Vendor
The large-scale food distributors (broadline distributors), aggregators, and producers that have historically dominated institutional sales and markets.
Values-Based Procurement
Aligning institutional purchasing with the institution's values.
Values-Based Vendor
A vendor that meets an institution's food purchasing guidelines, standards, or values-based preferences and requirements
Vendor Eligibility
The process of ensuring that vendors receive certification or approval to sell to the institution.
Volume Rebates and Discounts
Refunds or discounts paid to management companies or group purchasing organizations from distributors and other vendors in exchange for securing a certain volume of sales.