Sec. 4. (a) "Procurement" includes buying, purchasing, renting, leasing, or otherwise acquiring. (b) The term includes the following activities: (1) Description of requirements. (2) Solicitation or selection of sources. (3) Preparation and award of contract. (4) All phases of contract administration. (5) All functions that pertain to purchasing or procuring. [Pre-2016 Revision Citation: 9-16-2-1.] As added by P.L.198-2016, SEC.195.