public procurement

public procurement
public procurement UK US noun [U] (also government procurement) GOVERNMENT
the buying of goods and services by government organizations: »

There are strict rules on public procurement.


Financial and business terms. 2012.

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  • Public Sector Procurement Directive — England, Wales Directive 2004/18/EC on the co ordination of procedures for the award of public works contracts, public supply contracts and public service contracts. Directive 2004/18/EC covers contracts awarded by central government, local… …   Law dictionary

  • Public Delivery Organisation — a PPP model in which the authority procures a public delivery organisation (the Integrator) to manage the delivery of a project through pre procurement preparation, procurement, construction and into operation. The underlying package can include… …   Law dictionary

  • public sector comparator — (PSC). A benchmark used in the course of procurement, against which the awarding authority assesses the value for money of tenders. The PSC represents a notional cost estimate of the project, based on the assumptions that the awarding authority… …   Law dictionary

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