Public procurement refers to the purchase of goods and services by the public sector or the government, accounting for an average 15% of GDP globally. In India, government procurement is estimated to constitute about 30% of GDP with the central government accounting for a major chunk.
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Unknown titlestry has drafted a model tender document for public procurement by all central government departments, in a bid to standardise the language and clauses included, and avoid contractual disputes. <span>Public procurement refers to the purchase of goods and services by the public sector or the government, accounting for an average 15% of GDP globally. In India, government procurement is estimated to constitute about 30% of GDP with the central government accounting for a major chunk. The Expenditure Department, which has developed a standard bidding document to be used for procurement, has sought comments on the draft from ministries, central public sector undertaki Summary
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