Procurement

Procurement (by Governments)

Procurement in International Trade

Meaning of Procurement, according to the Dictionary of International Trade (Global Negotiator): All aspects of acquiring and delivering goods, services and works. It starts with identifying a need and finishes with either the end of a service contract or the end of the useful life and disposal of an asset.

Literature Review on Procurement

In the Encyclopedia of Public Administration and Public Policy, [1] Robert E. Lloyd offers the following summary about the topic of Procurement: When private individuals or corporations buy things, they may use the terms “purchasing” or “buying” to describe their actions. In government organizations, many different terms and definitions are used when referring to the buying function, from “public procurement” to “contracting” or “acquisition” and many other variations. The wide variety of terms and definitional ambiguities permeate the practice and profession. Despite the fact that public procurement has a centuries-old history, clarity in what practitioners and scholars mean when they refer to “public procurement” is sometimes lacking. Nevertheless, there are common themes, roles, and responsibilities that span the wide range of governmental organizations involved in procurement.

Resources

See Also

• Contract
• Contracting
• Novation
• Contract Dispute

Resources

Notes and References

1. Entry about Procurement in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)