Public Procurement
/ˈpʌblɪk prəˈkjʊərmənt/
Definitions
- (n.) The process by which governments and public sector organizations acquire goods, services, or works from external providers under regulated procedures.
Public procurement regulations aim to ensure transparency and fairness in awarding government contracts.
Forms
- public procurement
Related terms
See also
Commentary
Public procurement often involves compliance with specific statutory frameworks designed to prevent corruption and promote competition.
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.