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    What Is Government Procurement?

    2010/10/11 16:41:00 71

    Procurement Target Funds

      

    government procurement


    Government procurement is a form of procurement. It is the behavior of government departments to purchase goods and labor they need with financial funds.

    It is basically the same as the principle of personal shopping in the market. It deals with fair business and aims at buying the best quantity with the least amount of money.

    The difference is that government procurement is restricted by legal procedures and needs to be followed.

    rule

    The greatest benefit of government procurement can save finance.

    capital

    To improve the use efficiency of financial funds and to prevent corruption from the source.

    In the international arena, the common practice of government procurement is to give priority to the purchase of domestic products or services. Therefore, it has the function of protecting its national industry and promoting the development of domestic enterprises.

    In January 1, 2003, China's government procurement law was formally implemented, and the relevant implementation rules are being worked out.

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