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However, there are still many procurement practitioners who do not understand the key differences, to understand a procurement and a PPP. When infrastructure is procured by conventional means, the procuring authority pays for the work against its budget and assumes the entire responsibility of the asset, once construction is completed.
The rapid shift toward leasing and subscription-based servicesoften referred to as Product-as-a-Service (PaaS) is changing the landscape of how goods and services are offered. With seamless data exchange, businesses can maintain consistency and accuracy in their financial systems, improving efficiency and reducing the risk of errors.
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