17 January, 2018
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Public Procurement A+ A-  PDF Print

In general public procurement is the point where private sector meets the public financial resources.Public procurement, is the procurement of goods and services on behalf of a public authority, such as a government agency. To prevent fraud, waste, corruption or local protectionism, the law of most countries regulates government procurement more or less closely. It usually requires the procuring authority to issue public tenders if the value of the procurement exceeds a certain threshold.

 

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