Are you ready for one of the biggest shifts in public procurement in decades? The Procurement Act 2023 will transform how suppliers interact with the public sector.

The Act simplifies regulations, promotes inclusivity, and enhances transparency, creating a modernised procurement environment for suppliers.

•    Simplified Rules: Consolidation of procurement regulations reduces complexity, making it easier for suppliers to understand and navigate the process.

•    SME Support: Removal of barriers like pre-award insurance requirements and implementation of 30-day payment terms support smaller suppliers.

•    Transparency: Mandated feedback on bid performance provides valuable insights, helping suppliers improve for future opportunities.

The Procurement Act 2023 is a landmark change in public procurement. It introduces streamlined rules that consolidate and replace existing regulations, providing clarity and reducing administrative burdens. 

A significant focus on inclusivity ensures that SMEs and VCSEs can compete effectively. Additionally, new transparency requirements demand that contracting authorities share feedback and assessment summaries, giving suppliers critical insights into their bid performance. 

This ensures fairer competition and allows businesses to refine their strategies. For suppliers, the Act is an opportunity to thrive in a system that values innovation, accountability, and collaboration.

Want to learn more about how we can help you win more contracts? Book a call  with us or join our UK Procurement and Suppliers LinkedIn Group