Terms Used In Montana Code > Title 18 > Chapter 4 > Part 3 - Procurement Procedure

• Alternative procurement method: means a method of procuring supplies or services in a manner not specifically described in this chapter, but instead authorized by the department under 18-4-302. See Montana Code 18-4-301
• American-made: means either a product made exclusively within the United States or a value-added product consisting of a product that contains 50% or more of materials from the United States. See Montana Code 18-4-301
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Established catalog price: means the price included in a catalog, price list, schedule, or other form that:

  (a)is regularly maintained by a manufacturer or contractor;

  (b)is either published or otherwise available for inspection by customers; and

  (c)states prices at which sales are currently or were last made to a significant number of any category of buyers or buyers constituting the general buying public for the supplies or services involved. See Montana Code 18-4-301

• Invitation for bids: means all documents, whether attached or incorporated by reference, used for soliciting bids. See Montana Code 18-4-301
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Purchase description: means the words used in a solicitation to describe the supplies or services to be purchased and includes specifications attached to or made a part of the solicitation. See Montana Code 18-4-301
• Request for proposals: means all documents, whether attached or incorporated by reference, used for soliciting proposals. See Montana Code 18-4-301
• Responsible: means the capability in all respects to perform fully the contract requirements and the integrity and reliability that will ensure good faith performance. See Montana Code 18-4-301
• Responsive: means conforms in all material respects to the invitation for bids or request for proposals. See Montana Code 18-4-301
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
• Writing: includes printing. See Montana Code 1-1-203