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Business administration. Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. [1] The term may also refer to a contractual obligation to "procure", i.e. to "ensure" that something is done.
In the United States, the processes of government procurement enable federal, state and local government bodies in the country to acquire goods, services (including construction ), and interests in real property. [1] Contracting with the federal government or with state and local public bodies enables interested businesses to become suppliers ...
The Federal Acquisition Regulation ( FAR) is the principal set of rules regarding Government procurement in the United States, [1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies.
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.
The Office of the Under Secretary of Defense for Acquisition and Sustainment (OUSD(A&S)), a unit of the Office of the Secretary of Defense, supervises all Department of Defense acquisitions, including procurement of goods and services, research and development, developmental testing, and contract administration, for all elements of the ...
Office of Deputy Secretary of Education (ODSE) Institute of Education Sciences (IES) Office of the Under Secretary (OUS) Federally-aided corporations. United States Department of Energy. United States Department of Health and Human Services. United States Department of Homeland Security.
The Top 100 Contractors Report ( TCR 100) is a list developed annually by the U.S. General Services Administration as part of its tracking of U.S. federal government procurement, of the "Top 100" contractors in the United States. [1] [2]
Procurement and the GSA Schedule. The Federal Acquisition Service (FAS) provides products and services available to federal agencies across the U.S. government. GSA assists with procurement work for other government agencies. As part of this effort, it maintains the GSA Schedule Program, which other agencies can use to buy goods and services.
The Federal Procurement Data System (FPDS) is a single source for US government-wide procurement data. The Federal Procurement Data Center (FPDC), part of the U.S. General Services Administration, manages the Federal Procurement Data System (FPDS), which is operated and maintained by IBM.
Engineering, procurement, and construction ( EPC) contracts (a type of turnkey contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. [1]