Public procurement is changing. Do you know how to adapt? Understand the transformative impact of the Procurement Act and how it makes bidding easier for suppliers.

•    Streamlined Rules: Simplified processes make it easier for suppliers to bid.

•    Fairer Competition: Increased transparency levels the playing field.

•    Improved Payment Terms: 30-day payment terms benefit SMEs and VCSEs.

The Procurement Act 2023 is more than just regulatory reform; it’s a blueprint for a modernised and fair procurement ecosystem. For suppliers, the Act introduces streamlined rules that reduce complexity and ensure fair competition, making it easier for businesses of all sizes to participate. 

One significant change is the emphasis on supplier inclusion, particularly SMEs, with provisions like simpler pre-qualification requirements and mandatory prompt payments. 
The Act’s focus on transparency benefits suppliers by offering greater insight into the decision-making process. This ensures that contracts are awarded based on clear and measurable criteria, enhancing trust and collaboration between businesses and contracting authorities. 

Suppliers adapting to these changes will not only streamline their operations but also unlock new opportunities to grow within the public sector.

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