##  [Public Procurement](/index.php/public-procurement) 

  ##  [Public Procurement](https://social.quantumdictionary.io/public-procurement-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

The formal processes, rules and contracting relationships through which public sector entities acquire goods, services and works; encompassing specification, supplier selection, contract formation and management, and oversight mechanisms whose design both responds to public objectives (e.g., value‑for‑money, fairness, policy goals) and shapes market incentives and firm behavior.