Knowledge Drop for Suppliers Part 2 of 3

This series of Knowledge Drops is designed to provide an overview of the Procurement Act 2023. It is aimed at suppliers who deliver contracts to the UK public, utilities and defence sectors, who take part in competitive procurements or have delivered contracts under the Public Contracts Regulations 2015 (the set of rules followed by most contracting authorities), the Utilities Contracts Regulations 2016, the Defence and Security Public Contracts Regulations 2011, and the Concession Contracts Regulations 2016, or new entrants who would like to do so in the future.
In Part 2 of this knowledge drop series, we will cover:
-New requirements for contracting authorities to complete conflicts of interest assessments.
-How the Act makes it easier for suppliers to participate in procurements, through the introduction of a new central digital platform and early market engagement.
-Understanding the full range of value for money considerations that contracting authorities may consider in their procurements.
-Changes to procurement procedures, including the new competitive flexible procedure, and grounds for direct award.
-The introduction of new open frameworks and dynamic markets.
The Procurement Act is only the start of achieving great value outcomes for the public, defence and utilities sectors. The Procurement Act sets the framework, but it is effective commercial leadership, innovation and capable suppliers that will deliver those outcomes. We also need suppliers to be ready and willing to work with contracting authorities to get the best from the Procurement Act.
We anticipate that you may have some additional questions, further information can be found at Transforming Public Procurement page at Gov.UK
Thank you for taking the time to watch this Knowledge Drop series, we hope that you’ve found it to be useful and informative and you now understand the principal changes and benefits of the new Procurement Act.