|Procurement Act 2023 - A Short Guide for Suppliers
|Please see attached flyer which provides an update on the Procurement Bill 2023.
The Procurement Bill (which applies to England, NI and Wales) received Royal Assent on 26 October, officially making the Bill into an Act of Parliament. The aims of the Act are to simplify public procurement processes and it make it easier to bid, negotiate and work in partnership with the public sector. It will remove bureaucratic barriers and level the playing field for smaller businesses so they can compete for more contracts.
There will be a new central digital platform (still in development) for suppliers to register and store their details so that they can be used for multiple bids; and the publication of a broader range of notices across the procurement cycle will enhance the transparency of public procurement.
A transforming public procurement webpage provides further information on the Act and videos to raise awareness with public sector suppliers on future changes and ambitions of the new procurement regime. This webpage can be found at https://www.gov.uk/government/collections/transforming-public-procurement.
The Act requires further legislation to implement the central platform and provide extra detail on the content required for the necessary notices. It is expected that this legislation will be laid in Parliament in Spring 2024 with the new regime implemented in October 2024
Further information on this legislation and guidance will be provided as it becomes available.