Definition of ‘B2G’
The term B2G stands for business to Government and refers to working relationships between a business and a government organization.
This process will normally involve issuing a tender document, obtaining a number of competitive submissions and quotes, and then a lengthy selection process to choose the right party for the B2G contract.
There is a growing tendency for government departments to subcontract work in order to reduce costs and gain expertise. For example, a government department might require a new computer system. Rather than invest in additional staff, a business to Government arrangement will be drawn up with a business in the private sector.
For further information see the Wikipedia B2G definition.
Learn a new Financial Projections Template Term
Random financial projection terms for you to discover.
Link to this human resources Definition Page
Click in the box and paste the B2G definition link to your site.