Procurement Law
/prəˈkjʊəmənt lɔː/
Definitions
- (n.) The body of law governing the process by which governments and organizations acquire goods, services, or works from external suppliers.
The company complied with procurement law to secure the government contract.
- (n.) Legal regulations ensuring transparency, fairness, and competition in public purchasing.
Procurement law mandates open bidding to prevent corruption.
Forms
- procurement law
- procurements laws
Related terms
See also
Commentary
Often intersects with administrative and contract law; drafting should emphasize compliance mechanisms and anti-corruption provisions.
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.