After being debated in the House of Lords, the new Procurement Bill is one step closer to becoming law.
The Bill, which is expected to be implemented next year (2023), will transform public procurement – but how?
As a result of the Bill, the new procurement rules will level the playing field for SMEs across the UK. The most significant change is that 350 EU laws will be replaced with a single, streamlined procurement process. This will make government contracts more accessible to smaller businesses, especially those inexperienced with procurement activities.
Not only that, but the new procurement rules are expected to accelerate government spending with SMEs. This is great news for smaller businesses that feel intimidated by the procurement process in the public sector.
“We are introducing reforms through our Procurement Bill that will do-away with bureaucratic rules that are both complicated and time-consuming for firms to navigate.
“Our departure from the European Union means we are free to streamline these rules on who wins taxpayer contracts.
“This will give small businesses a better chance of landing public sector contracts and allow the government wider access to the first-class skills, innovation, and ideas that many agile, creative smaller firms offer. In turn, this will allow us to improve the services we provide the public.”
Many businesses might be unsettled about the new procurement rules and what it means for their procurement strategies. However, these changes will provide both buyers and suppliers with new opportunities and will open many doors for UK businesses.
If you need extra support to navigate these changes, the Hudson Procure Team are on hand to help.
With Procure Consult, we offer support with tender management and ad-hoc procurement consultancy. Our expert team will manage the end-to-end procurement process or offer assistance with any stage, as and when required.
With Procure Health Check, we’ll conduct a full review of the strategic and operational procurement processes within your organisation. We’ll identify the areas that need improvement and help you drive greater value from the procurement process.
The purpose of Procure Analyse is to conduct a high-level analysis of your spending activity. We’ll help you understand your current strategic purchasing behaviour and highlight areas that can deliver greater value. Procure Analyse is also offered as part of Procure Health Check or as a standalone service.
With Procure Outsourcing, we deliver a range of procurement solutions on an outsourced basis, completely bespoke to you. This can range from delivering multiple tender projects as a package to delivering the full procurement management function of your organisation.
Are you trying to find a supplier for your project? Post your tendering opportunity onto any of our 11 sector-specific portals for FREE with Procure Post!
Housed by our sister company, Hudson Discover, our portals host thousands of tendering opportunities for organisations of all sizes. For an additional cost, we’ll even help you identify your requirements and find the most suitable suppliers for your business.
Get in touch for a consultation and find out how we can help your business drive better value from procurement.
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