Procurement in the Public Sector

Procurement in the public sector refers to the process by which government agencies acquire goods, services, or works needed to serve the public interest. This involves planning, selecting suppliers, and purchasing items or services through fair and transparent procedures to ensure value for taxpayers' money. The goal is to obtain quality products at competitive prices while adhering to legal and ethical standards. Public sector procurement also emphasizes accountability, avoiding favoritism, and promoting fair competition among suppliers to maximize efficiency and public trust.