Licitação

Licitação is the formal process used by government entities to procure goods and services from private companies. It ensures transparency, fairness, and competitiveness by inviting multiple suppliers to submit proposals or bids. The goal is to select the most suitable offer based on criteria like price, quality, and compliance with regulations. This process helps prevent favoritism and guarantees that public resources are allocated efficiently. In essence, licitação is a structured way for the government to choose the best option when acquiring products or services, promoting accountability and integrity in public procurement.