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The Louisiana Procurement Code is a set of laws that govern the purchase of certain services, materials and supplies, and major repairs by most state agencies. For example, the Department of Natural Resources and the Attorney General are state agencies that must follow the LPC.
A procurement contract is a legally binding agreement between a buyer and a seller. In it, the seller agrees to make supplies available to the buyer, or undertake the buyer's project, meeting certain specifications, and offering a set price (often with volume discounts).
Services such as pest control, inventory management, waste removal, anything that can help maintain or improve the quality and efficiency of the office are examples of procurement services.
Procurement Services Agreement means that certain grain procurement and by-product sales agreement by and between the Company, on the one hand, and Seller or one of its Affiliates, on the other hand, which shall be substantially consistent with the terms and conditions set forth on Exhibit C hereto.
Services procurement is the activity of hiring (and managing) service providers who deliver people-based services to an enterprise ? technical consulting companies, specialty service agencies, or maintenance companies, for example.