Public Procurement

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.
Government procurement is also the subject of the Agreement on Government Procurement, a plurilateral international treaty under the auspices of the WTO.
Government procurement in the European Union is regulated and harmonized by community law since the 1970s.
Government procurement in the European Union is the awarding of contracts for public works and for the purchase of goods and services by the public authorities of the European Union (EU) and its member states. Government procurement represents 13.5% of EU GDP as of 2007, and has been the subject of increasing European regulation since the 1970s because of its importance in the European single market.
Because the implementation of EU government law by national governments is far from uniform and sometimes weak – in 2002, for instance, only 16% of governmental calls to tender were published – government procurement has been called "the weakest link in the common market".

 
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