procurement(redirected from Competitive bid)
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v. pro·cured, pro·cur·ing, pro·cures
1. To get by special effort; obtain or acquire: managed to procure a pass.
2. To bring about; effect: procure a solution to a knotty problem.
3. To obtain (a sexual partner) for another.
To obtain sexual partners for others.
[Middle English procuren, from Old French procurer, to take care of, from Latin prōcūrāre : prō-, for; see pro-1 + cūrāre, to care for (from cūra, care; see cure).]
pro·cur′ance, pro·cure′ment n.
1. the act or an instance of procuring
2. (Commerce) commerce
a. the act of buying
b. (as modifier): procurement cost; procurement budget.
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|Noun||1.||procurement - the act of getting possession of something; "he was responsible for the procurement of materials and supplies"|
acquisition - the act of contracting or assuming or acquiring possession of something; "the acquisition of wealth"; "the acquisition of one company by another"