Procurement
A finance or procurement term used in infrastructure investment, concessions and project delivery.
Procurement Explained
Procurement is a key term within finance & ppp, where it is used across construction, infrastructure, transport and industrial project delivery. In practical terms, it helps describe how work is planned, specified, delivered, measured or maintained on real sites and assets. Understanding procurement is useful because the same language is often shared by contractors, designers, suppliers, asset owners, public authorities and investors.
Within Highways.Today’s Dictionary, procurement should be read as part of the wider vocabulary of project finance, procurement, concessions, investment and commercial delivery terminology. It may appear in technical specifications, tender documents, project reports, equipment guides, safety plans, design models, maintenance schedules or news articles. Exact requirements can vary by country, project type, contract form, standard and manufacturer, so readers should always check the relevant local guidance, drawings, regulations and professional advice before relying on the term for design, procurement or operational decisions.
Articles Featuring Procurement
Offshore Energy Supply Chains Reconnected in Shenzhen
24th June 2026
Offshore Energy Supply Chains Reconnected in Shenzhen The 28th Offshore China (Shenzhen) Convention and Exhibition, held on 16 and 17…
The Economics of Bitumen
21st June 2026
The Economics of Bitumen Almost every road authority, contractor and asset owner on earth buys bitumen, yet very few can…
How Geospatial Survey Choices Decide Design Certainty On Site
16th June 2026
How Geospatial Survey Choices Decide Design Certainty On Site When a major scheme kicks off, the decisions that end up…
Smart Procurement Awards to Spotlight Africa’s Supply Chain Leaders
4th March 2026
Smart Procurement Awards to Spotlight Africa’s Supply Chain Leaders Across Africa’s rapidly evolving industrial and infrastructure landscape, procurement has moved…
Global EPC Project Leaders Forum to Explore Delivering Mega Projects
9th February 2026
Global EPC Project Leaders Forum to Explore Delivering Mega Projects Saudi Arabia’s infrastructure programme has moved well beyond ambition and…
Accepting Crypto: What Marketplace Sellers Need to Know
21st January 2026
Accepting Crypto: What Marketplace Sellers Need to Know Online marketplaces are constantly evolving, so to keep up with the change,…
Major Stations, Rail and Systems Contract Opens for Toronto Subway Expansion
5th January 2026
Major Stations, Rail and Systems Contract Opens for Toronto Subway Expansion Infrastructure Ontario and Metrolinx have taken a decisive step…
Revolutionising Procurement Through AI and Real-Time Visibility
18th October 2025
Revolutionising Procurement Through AI and Real-Time Visibility Kojo, a leading construction procurement platform, has secured a Series C extension investment…
Editorial Note
The Highways.Today Dictionary is maintained as an editorial reference resource for construction, infrastructure, transport and industrial technology professionals. Definitions are intended to support understanding, discovery and research, and may be expanded over time as the Dictionary evolves into a broader illustrated industry reference.