Government Procurement
/ˈɡʌvərnmənt prəˈkjʊrmənt/
Definitions
- (n.) The process by which government entities acquire goods, services, or works from external suppliers through contractual agreements.
Government procurement ensures public projects receive necessary resources under regulated conditions.
- (n.) The body of laws, regulations, and policies governing how public sector purchasing is conducted to ensure fairness, transparency, and accountability.
Government procurement laws aim to prevent corruption and promote competition.
Forms
- government procurement
Related terms
See also
Commentary
Government procurement often requires compliance with specialized legal frameworks distinct from private contracting, emphasizing transparency and equitable access.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.