What is the definition of Public Contract?
An agreement to perform a out of the ordinary task to benefit the community at colossal that is financed by policy funds. Federal, state, and local governments enter into contracts to purchase merchandise and services. The construction of public buildings, highways, bridges, and other structures is govern by a well-defined contractual process of competitive bidding that seeks to protect the public against the squandering of public funds and prevent abuse such as FRAUD, favoritism, and extravagance. A public contract is a legally enforceable commitment of a deputation to undertake the work or upsurge desired by a public authority. Public contracts are largely governed by the standard law of contracts. Private individuals and corporations are held to stricter standards within their dealings near the government than surrounded by their private dealings. Conversely the political affairs must deal justly with those who contract beside it. It can enter contracts within the limitations impose
