Government procurement

From Wikipedia, the free encyclopedia

Government procurement, also called public tendering, or public procurement, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts for a substantial part of the global economy.^[1]

To prevent fraud, waste, corruption or local protectionism, the law of most countries regulates government procurement more or less closely. It usually requires 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, a plurilateral international treaty under the auspices of the WTO.

US Government procurement is generally governed by the Federal Acquisition Regulations.

1 Education
2 Government procurement outside USA
- 2.1 Russia
3 See also
4 External links
5 References

[edit] Education

In many countries law demands or recommends customers and suppliers to have certified procurement specialists. Special education organizations provide certification, courses and seminars and publish recommendations for different procurement procedures. For example, in the United States it is the Federal Acquisition Institute and in Russia it is the Soloviev Institute of Government Procurement.

[edit] Government procurement outside USA

[edit] Russia

Russian Federal Law N94-ФЗ of 21.07.2005 require all federal, regional and municipal government customers to publish all information about government tenders, auctions and other purchase procedures on special public government websites.