What does procurement financing mean

Lending money to the bank with the notification of award, transaction and government procurement contract as the vouchers. Government procurement financing refers to the government procurement as a platform to help small and medium-sized enterprises financing, government procurement, successful small and medium-sized enterprise suppliers, with the winning bid, the notice of the transaction and the government procurement contract as a voucher to the bank loan, to solve the government procurement to fulfill the contract in the process of financial difficulties. Procurement financing refers to the whole process of procurement activities from plan issuance, purchase order generation, purchase order execution, arrival and reception, inspection and warehousing, collection of procurement invoices to procurement settlement.