Procurement Regulations
/prəˈkjʊəmənt ˌrɛɡjʊˈleɪʃənz/
Definitions
- (n.) Legal rules and standards governing the process by which public or private entities acquire goods, services, or works.
The company must comply with procurement regulations when bidding on government contracts.
Forms
- procurement regulations
Related terms
See also
Commentary
Procurement regulations often vary by jurisdiction and are critical for ensuring transparency and fairness in public contracting.
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.