What Does PRD Stand For?

PRD stands for Procurement Regulation Directive

The Procurement Regulation Directive (PRD) is a legislative framework established to standardize and enhance procurement processes across member states. It aims to ensure transparency, competition, and efficiency in public procurement by providing guidelines and regulations that govern the acquisition of goods, services, and works. The PRD seeks to promote fair practices, minimize corruption, and facilitate access for small and medium-sized enterprises, thereby fostering innovation and economic growth within the public sector.

Other Meanings for PRD