What is the unique identifier for each procurement instrument called?

The unique identifier for each procurement instrument is known as the Procurement Instrument Identifier (PIID). This identifier serves a crucial role in the procurement process by ensuring that each contract or agreement can be distinctly referenced and tracked throughout its lifecycle. The PIID essentially provides a systematic way to organize procurement documents and activities in government contracting, facilitating easy retrieval, reporting, and accountability.

This identification system is essential for maintaining proper records, as it helps to prevent confusion among similar procurement instruments and allows for efficient management of contracts. Each PIID is formatted to include specific information, which can include elements such as the agency code, fiscal year, and a unique sequence number, thus providing valuable context and organization to procurement activities.

Other potential identifiers, such as a Procurement Identification Number, Contract Identification Code, or Solicitation Identifier, do not serve the same standardized purpose across all procurement instruments as the PIID does. They may fulfill different functions in the contracting process or pertain to specific types of documents but lack the universal application and recognition that the PIID retains in identifying procurement instruments accurately.