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Procurement Services

Procurement is the purchase of goods, services or works from an external source. Procurement services make sure that the goods, services or works are suitable and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Procurement services include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. Procurement may also involve a bidding process known as tendering.