Federal Procurement Policy

Federal Procurement Policy refers to the rules and guidelines the U.S. government follows to acquire goods and services. This policy aims to ensure that public funds are spent responsibly, promoting fairness, transparency, and competition among suppliers. It helps the government obtain quality products at reasonable prices while also encouraging small businesses and ensuring compliance with laws. Overall, Federal Procurement Policy seeks to make the process efficient and accountable, safeguarding taxpayers' interests while meeting the needs of various government agencies.