What Does PR Stand For?
PR stands for Procurement Regulation
Procurement Regulation (PR) refers to the set of laws, rules, and guidelines that govern the process of acquiring goods and services by public entities. These regulations aim to ensure transparency, fairness, and efficiency in public procurement, promoting competition and preventing corruption. PR outlines the procedures for tendering, contract management, and compliance, ensuring that public resources are utilized effectively and ethically.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym