what are the similarities between private and public procurement
Both sectors of accounting system must keep everything organized very well. You also want to make sure that more than one person sees every piece of accounting paperwork.
the private is here to absorve profit which the public secte is not.
Private sector procurement is usually controlled by the head of the company or a department they have established. Usually, the person needing a supply just asks for permission to buy it. Public sector procurement is governed by lawmakers and often bids have to be taken.
the private is here to absorve profit which the public secte is not.
Similarities between public library and special library with reference
Roles of procurement
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.
Public goods are non-excludable, so they suffer from a free-rider problem.
Public is open, private is closed.
Public is the opposite of private.
The roles of the bureau of public procurement is to provide assistance and consultancy services that are related to procurement. It has a role of helping the government in procurements.
private anf public