What does CPV stand for?

In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered .

What does CPV stand for?
A . Condensed Procurement Vocabulary
B. Common Procurement Vocabulary
C. Complete Procurement Vocabulary
D. Clear Procurement Vocabulary

Answer: B

Explanation:

CPV stands for Common Procurement Vocabulary. This is explained briefly on p.72 but it doesn’t really go into much detail as to what CPVs are or how they work. CPVs are a string of numbers which refer to an object that is being procured. For example the CPV for Fire Doors is 44221220. When a Tender gets advertised for Fire Doors, it will have this CPV code on, and any suppliers who provide fire doors will get a notification if they have this CPV code on their profile. It’s basically a code that links suppliers with tender opportunities.