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Public Sector Procurement Process

oboloo Glossary

Public Sector Procurement Process

Public sector procurement is a process of obtaining goods, services, and works from an external source. It is the process of acquiring goods, services, and works from external sources, typically through a competitive bidding process. This process is designed to ensure that the public sector is getting the best value for money and that the process is fair and transparent. The process involves the identification of needs, preparation of specifications, invitation of bids, evaluation of bids, and award of contracts. It is important to ensure that the process is conducted in a fair and transparent manner, and that all bidders are treated equally. The process also involves monitoring and evaluation of the performance of the supplier and the contract, as well as the review of the process to ensure that it is compliant with the applicable laws and regulations. Public sector procurement is an important part of any government’s fiscal responsibility and it is important to ensure that the process is conducted in a manner that is both cost-effective and compliant with the applicable laws and regulations.

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