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government procurement
Government procurement, or public procurement, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 20% of GDP, government procurement accounts for a substantial part of the global economy.〔(Global Trade Negotiations Home Page ) at Harvard University, accessed 18 December 2006〕
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 (GPA), a plurilateral international treaty under the auspices of the WTO.
==Overview==
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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