Public Sector Or Public Sector Body
In the public sector, procurement is the process of acquiring goods, services or works from an external source. It is the process of selecting vendors, negotiating contracts and purchasing products and services in the most cost-effective manner possible.
Public sector bodies are responsible for procuring goods and services on behalf of the government. They are required to follow strict rules and regulations when doing so, in order to ensure that taxpayer money is spent wisely.
There are many different types of public sector bodies, each with their own specific procurement needs. Some of the most common include:
-Federal agencies
-State and local governments
-School districts
-Hospitals
-Universities