Government procurement refers to the process by which government agencies purchase goods, services, and works from private companies. This process ensures that public funds are spent efficiently and transparently, often following specific regulations and guidelines to promote fairness and competition among suppliers. The procurement process typically involves several steps, including identifying needs, soliciting bids, evaluating proposals, and awarding contracts. By adhering to these procedures, governments aim to achieve the best value for taxpayers while fostering economic growth and supporting local businesses through public contracts.