misprocurement
English
Etymology
mis- + procure + -ment
Noun
misprocurement (countable and uncountable, plural misprocurements)
- The act of misprocuring.
- 2000, United States. General Accounting Office, World Bank, page 26:
- The information on Bank “misprocurements,” that is, expenditures that have not been procured in accordance with Bank procurement rules and related loan agreements, covers the period from January 1996 to November 1999.
- 2006, Consulting Services Manual 2006: A Comprehensive Guide to the Selection of Consultants at the World Bank, page 35:
- Ultimately, the Bank may declare misprocurement if matters of contention cannot be resolved in a reasonable period of time.
- 2013, Asian Development Bank, Procurement Guidelines:
- If procurement is not carried out as agreed, ADB will declare misprocurement, and normally cancel that portion of the financing allocated to the goods and works that have been misprocured.
- 2017, Sope Williams-Elegbe, Public Procurement and Multilateral Development Banks:
- A loan may be cancelled where a suspension of the loan lasts longer than 30 days, for fraud and corruption, for misproducrement, or where the loan is no longer required.