What Is Procurement?
"Procurement" is simply the buying of goods,
services or construction, usually by a large organization, either
in the public or private sector. In order to ensure that the
organization is getting the best value for its money, it will use
some form of competitive procurement process. The need to ensure
that this process is fair, both to the buying organization and to
those bidding in the process, has given rise to a range of rules
and requirements. Procurement law looks at the way these rules are
applied by the courts. Procurement lawyers advise both buyers and
bidders in interpreting these rules.
Primary Sources of Procurement Law
In common law jurisdictions there are two primary sources of
laws – statutes and other legislation on the one hand,
and common law, developed by the courts, on the other.
