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- Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency1. It accounts for a substantial part of the global economy, amounting to 12 percent of global GDP in 20181. The government procurement process can be divided into three main stages: proposal, selection, and award2. It is an important process because it allows for the distribution of goods and services to government agencies and departments, as well as private businesses2.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 an important process because it allows for the distribution of goods and services to government agencies and departments, as well as private businesses. The government procurement process can be divided into three main stages: proposal, selection, and award.oboloo.com/blog/what-is-government-procurement …
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