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Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.

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  • Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy. To prevent fraud, waste, corruption, or local protectionism, the laws of most countries regulate government procurement to some extent. Laws usually require the procuring authority to issue public tenders if the value of the procurement exceeds a certain threshold. Government procurement is also the subject of the Agreement on Government Procurement (GPA), a plurilateral international treaty under the auspices of the WTO. Procurement is a primary channel through which public dollars pass into private hands, and as such is particularly vulnerable to misconduct. Private contractors have strong incentives to bribe public officials to increase payments, to cut out competitors, or to accept inferior quality. The challenges of renegotiation and non-verifiable quality that appear in private contracting also bedevil public procurement. But unlike many large private buyers, public agencies often lack the incentives and administrative capacity to handle these challenges. (en)
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  • Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy. (en)
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  • Government procurement (en)
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