procurementrules
nounUK /prəˈkjʊəmənt ruːlz/
US /prəˈkjʊrmənt ruːlz/
The rules that tell people how to buy things for a company or group.
The school must follow procurement rules when it buys new computers.
RELATED WORDS
OTHER MEANINGS
2. Official steps a government must take before spending public money.
The city followed procurement rules before hiring a construction firm.
3. Company policies about choosing and paying suppliers.
Our procurement rules require three price quotes for every big order.
4. The set of laws that control how organizations buy goods and services.
New procurement rules made the bidding process fairer.