government purchasing

Government purchasing, also known as government procurement, involves the process by which government agencies acquire goods, services, and construction projects from external suppliers. This process includes identifying needs, establishing requirements, issuing contracts or tenders, and selecting vendors based on criteria like price, quality, and reliability. The goal is to ensure transparency, fairness, and value for taxpayers' money, while complying with legal and regulatory frameworks. Effective government purchasing helps deliver public services efficiently and supports economic activity by providing business opportunities to suppliers.