Government Contracting Terms

noun an offer to pay a certain amount of money for something

verb to offer a certain amount of money for something, especially at an auction

• The company submitted a bid for the construction project.
• I'm going to put in a bid for that vintage car on eBay.
• I'm gonna throw my bid in for those concert tickets.
• She made a bid for his heart but he was already taken.

noun the act of obtaining or acquiring something, typically through effort or a process

• The procurement department is responsible for sourcing and purchasing goods and services for the company.
• The procurement team is in charge of getting all the stuff we need for the office.
• The procurement crew is on a mission to score the best deals for our business.
• In the game of business, procurement is like playing chess - strategic moves to acquire the best resources.

adjective not permitted or allowed; prohibited

• The expenses claimed were deemed unallowable by the finance department.
• They said we couldn't use that supplier because they were unallowable.
• I can't believe they made that purchase, it's totally unallowable.
• His behavior was so unallowable, it was like he was breaking all the rules.

noun EVM stands for Electronic Voting Machine, a device used for casting votes in elections.

• The Electronic Voting Machine (EVM) is used in elections to accurately record votes.
• Make sure you press the button on the EVM properly when voting.
• I heard they're using those fancy EVMs for the first time in our local elections.
• In the digital age, our minds can be seen as the EVMs processing information and making decisions.