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Simplified Acquisition Procedures (SAP) are a set of streamlined procedures for government procurement in the United States that reduce the administrative burden of awarding procurements below a threshold value, which, as of 2023, is $250,000. [1] The procedures are described in 48 CFR 13.
In regard to states' procurement, an example of support for overseas suppliers' market access was a roundtable on government procurement and commercial opportunities held in North Carolina in November 2023, where North Carolina officials shared insights into how British companies could engage in North Carolina's procurement processes. [22]
Eminent domain [a], also known as land acquisition, [b] compulsory purchase, [c] resumption, [d] resumption/compulsory acquisition, [e] or expropriation [f], is the compulsory acquisition of private property for public use.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate. [17]
Procurement fraud can be defined as dishonestly obtaining an advantage, avoiding an obligation or causing a loss to public property or various means during procurement process by public servants, contractors or any other person involved in the procurement. [42] An example is a kickback, whereby a dishonest agent of the supplier pays a dishonest ...
Classification of product categories into the central procurement strategies. Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. [1]
Generally, corporate real estate professionals approach the real estate market from the owner-occupant perspective, both leased or the buy-side, primarily demand perspective, similar to corporate purchasing or procurement. As such, they seek to contain costs, and may benefit from economic environments that are described by most as "weak".