Some terminology

The overarching framework for thinking about funding arrangements
  • “Public entities” – all the public sector organisations that we audit across central and local government (~4000)
  • “Funding arrangements” – the range of relationships for funding external parties (purchases, grants, and gifts)
  • “External parties” – anyone that you fund, whether a commercial provider, NGO, individual, or public entity
  • “Procurement” – the process for purchasing goods or services, often used to refer to large scale projects
  • “Contract” – the set of legal obligations agreed as part of a funding arrangement

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