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- Government procurement or public procurement is the process by which the government acquires the goods and services it needs by purchasing from commercial businesses12. Government procurement accounts for a substantial part of the global economy, amounting to 12 percent of global GDP in 20181. Since agencies of the government use taxpayer money, there are a number of regulations on how to use it properly and responsibly2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.
en.wikipedia.org/wiki/Government_procurementGovernment procurement is the process by which the government acquires the goods and services it needs by purchasing from commercial businesses. Since agencies of the government use taxpayer money, there are a number of regulations on how to use it properly and responsibly.
www.gmpgov.com/what-is-government-procurement/ - People also ask
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