Glossary / Classification
CPV codeCPV
The Common Procurement Vocabulary is the EU's standard classification for public procurement: a main vocabulary of eight-digit codes (plus a check digit) in a tree from divisions down to specific products and services, and a supplementary vocabulary for qualities such as material or intended use. Every contract notice on Tenders Electronic Daily carries one or more CPV codes, and buyers across the EU and in countries that use the EU model, the United Kingdom among them, search and filter by them.
Why it matters to your pipeline
CPV is the language of European public buying: a company that watches TED or the UK portals finds its opportunities by CPV code, not by NAICS. The codes also tell a U.S. firm what a European buyer considers the same market as its own. GovSmith's Search normalizes each notice's CPV codes alongside NAICS so a client's profile matches across markets.
When this term shows up in an opening GovSmith finds for you, your vCM explains what it means for that pursuit and does whatever it calls for. You decide; we do the work.
Example
A GIS firm sets alerts on CPV 72300000 (data services) and 71354000 (map-making services) and sees a Dutch water board's tender on TED the morning it is published.
Find out what applies to you
Some terms will matter to your business right away and some won’t for years. A vCM can tell you which are which.