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The Finance and Procurement of City Government

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The Finance and Procurement of City Government

Planning, decision making, and collecting pertinent pieces of information are some of the

slowest golden rules in City government. City governments have firmly established financial and

procurement procedures. They agilely and efficiently respond to more complex and humongous

financial and procurement needs in the government. Financial systems of the City government

include a huge investments and more transactive banking strategies. On the other hand,

individual host agencies have the fastest procurement and financial transactions. They are always

flexible to the changing needs of business transactions despite their few investment and banking

transaction master plans that involve low amounts of funds.

City government procurement offers full-time positions in typically very busy offices.

One is exposed to more opportunities for acquiring and managing funds, thus improving the

experience in the financial sector. Singla & Luby (2020) argues that city governments have a

wide range of financial and procurement activities revolving around the financial system,

exposing one to broader responsibilities such as sharing and planning with top executives.

Despite being employed in a definite position, as a City government employee, one can shift to

various positions in the departments that align with their profession.

Negotiating goods and services to run the government requires an experienced

procurement and financial officer. According to Swianiewicz & Lukomska (2019), finance

allocations and management in City governments are usually specific. Hence and experienced
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personnel can benefit from spillovers. Rarely do negotiations are made since there are enough

funds that have no direct impact on any individual. Thus an experienced City Agency unit officer

can benefit from successive negotiations that bore huge discounts from the official quoted prices

of the government. In other words, it is an opportunity to benefit from discounts on City

government business transactions.

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References

Singla, A., & Luby, M. J. (2020). Financial engineering by city governments: Factors associated

with using debt-related derivatives. Urban Affairs Review, 56(3), 857-887.

Swianiewicz, P., & Łukomska, J. (2019). Is small beautiful? The quasi-experimental analysis of

the impact of territorial fragmentation on costs in Polish local governments. Urban

Affairs Review, 55(3), 832-855.