The Standards Engineeer - Glossary

GLOSSARY A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z

Public Procurement

Definition (1)
Name

Public Procurement

Source

CEN.

Description

"Specific obligations and various procedures to award contracts for the performance of works and the provision of services and supplies which are concluded by public authorities, public undertakings and undertakings with a private status which enjoy special or exclusive rights."

Definition (2)
Name

Public Procurement, Government Procurement, Public Tendering

Source

Wikipedia

Description

Is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts for a substantial part of the global economy.

See also: