misprocurement

plural misprocurements

1. countableuncountableThe act of misprocuring.

   Ultimately, the Bank may declare misprocurement if matters of contention cannot be resolved in a reasonable period of time.

   2006, Consulting Services Manual 2006: A Comprehensive Guide to the Selection of Consultants at the World Bank, page 35

   3 more examples

   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.

   2000, United States. General Accounting Office, World Bank, page 26

   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.

   2013, Asian Development Bank, Procurement Guidelines

   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.

   2017, Sope Williams-Elegbe, Public Procurement and Multilateral Development Banks