procurement

The whole process of procuring goods and/or services. It begins when a need has been identified and a decision has been made on the procurement requirement. Procurement continues through the processes of risk assessment, seeking and evaluating alternative solutions, the awarding of a contract, delivery of and payment for the goods and services and, where relevant, ongoing contract management and consideration of disposal of goods.

Procurement does not include, for example, grants, statutory appointments or engagement of employees such as under the Public Service Act 1999.

Last updated: 13 January 2016