A D-U-N-S Number (Data Universal Numbering System) is a unique nine-digit identification number assigned by Dun & Bradstreet (D&B) to each business location in its database. D&B is a business credit reporting agency that maintains a database of information on businesses around the world. The D-U-N-S Number is used as a standard identifier for businesses in various industries, including government contracting and supply chain management.
In the context of due diligence, a D-U-N-S Number may be used to verify the identity and business history of a company being investigated. Due diligence is the process of thoroughly researching and evaluating a business or investment opportunity before making a decision. It is often used in mergers and acquisitions, as well as in the government contracting process. By using a D-U-N-S Number as part of their due diligence process, companies and organizations can obtain accurate and up-to-date information about a business, including financial data, credit history, and legal compliance records. This information can help them make informed decisions about whether to proceed with a business transaction or partnership.
This page was last updated on January 3, 2023.