Since 2020, aggregated from related topics
Government contracting refers to the process through which government agencies acquire goods, services, or construction projects from private sector companies. This process involves a competitive bidding process, where companies submit proposals to win government contracts. Government contracting regulations and procedures vary depending on the type of goods or services being procured, as well as the specific government agency involved. The goal of government contracting is to ensure transparency, competition, and fairness in the procurement process, while also promoting efficiency and cost-effectiveness in the delivery of government services.