PGB (Piggyback)

Piggybacking, or PGB for short, is a term used to describe an arrangement between two entities to collaborate on the procurement of goods or services. Under this agreement, one entity will either act as a bidder or agent on behalf of the other, or both entities may bid simultaneously with an understanding that the successful bid will be shared among them. This type of cooperative procurement is intended to ensure economies of scale and cost efficiency while promoting competitiveness in contracting activities. All parties involved must adhere to procedures set out by the applicable jurisdiction in order to make sure the process is conducted in a legal and ethical manner.