Buyer
From Open Risk Manual
Definition
Buyer. A party that acquires, or agrees to acquire, ownership (in case of goods), or benefit or usage (in case of services), in exchange for money or other consideration under a contract of sale. A buyer may or may not be an end user of the product, good, or service.
Context
- In the EProcurement Ontology it is the role of an Agent that awards a Procurement Contract and/or purchases items. In public procurement the role of buyer is carried out by the following types of organisation:
- contracting authority
- contracting entity
- a defence contractor
- an international organisation
- an organisation awarding a contract subsidized by a contracting authority
Notes
- In pre-award, the buyer generally awards the contract, however future purchasers may be foreseen.
- In post-award the buyer generally refers to the purchaser of items.
