What is Public Procurement?

Public Procurement refers to the formalized processes through which governmental entities, including municipalities and ministries, acquire goods or services from selected companies. These procurement activities are governed by specific regulations and contractual frameworks designed to ensure transparency, fairness, and accountability in the expenditure of public funds. Public procurement extends across a diverse array of needs within government operations, ranging from acquiring items for public schools to purchasing furniture for ministerial offices. It plays a crucial role in fulfilling the needs of governmental organizations while upholding principles of integrity and responsible resource allocation.

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