The Procurement Act is here—are you prepared to adapt? Suppliers need to act now to align with the new rules and maximize opportunities under the Procurement Act 2023.
• Understand Key Changes: Familiarise yourself with simplified procedures, transparency requirements, and SME support measures.
• Update Internal Processes: Review and refine your bidding strategies, compliance protocols, and documentation.
• Leverage New Tools: Register on the Central Digital Platform to access opportunities and streamline operations.
Transitioning to the Procurement Act 2023 is essential for suppliers aiming to stay competitive in the public sector. The Act introduces major changes, such as the Competitive Flexible Procedure, mandatory 30-day payment terms, and expanded transparency requirements.
Suppliers must proactively review their internal processes to ensure compliance with these updates. Additionally, leveraging tools like the Central Digital Platform can streamline operations and provide access to valuable insights and opportunities. Training staff, updating documentation, and engaging in workshops can further help suppliers navigate this transition successfully.
Acting now will not only ensure compliance but also position businesses to thrive in the evolving procurement landscape.
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