Government Procurement

Definition of Government Procurement Hierarchical Category as it relates to Government

Government Procurement refers to the process by which government agencies and departments acquire goods, services, and works from external sources, often via a contract. This includes activities like tendering, awarding contracts, and managing procurement contracts. It is a key function of the public sector, aiming to ensure efficient use of public funds, transparency, and equal opportunities for suppliers.

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Child Hierarchical Categories