article thumbnail

Preparing for the central digital platform: Key updates, supplier actions, and data protection insights under the Procurement Act

VWV

As part of the reforms, the current Find a Tender system will be improved to create a Central Digital Platform. This contrasts with the position under the Public Contracts Regulations 2015 - where disclosure "might prejudice fair competition between economic operators".

article thumbnail

The four key drivers that can enable better IT procurement

Open Contracting Partnership

These frameworks have led to big efficiency wins: the traditional tender procedures take between four months and one year to complete while the framework procedure takes between four and six weeks on average. There is research to show that every additional tenderer leads to a price reduction.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Innovation procurement under the Procurement Act 2023 -- changing procurement culture on the cheap?

How to Crack a Nut

Using product demonstrations alongside written tenders will help buyers get a proper appreciation of solutions being offered by suppliers. 48 and 46 PCR 2015). 48 and 46 PCR 2015). 30 PCR 2015). That is particularly impactful for newer, more innovative solutions which the authority may not be familiar with. 20 PA 2023).

article thumbnail

Five ways to improve public sector procurement for startups

Nitrous: Public Procurement

These figures aren’t helped by the fact that the proportion of public sector contracts awarded without a competitive tender is rising ( 15 per cent in 2016 to 22 per cent in 2017 and then 23 per cent in 2018 ). With many eSourcing solutions being used across the country, many tenders require separate application processes just to apply.

article thumbnail

Open government procurement drives innovation using the cloud

AWS Public Sector

By 2015, there was a £4 billion ($5.09 Transparency – A 2017 study of more than four million government contracts in the European Union (EU) found that every additional item of information published about a tender decreased the risk of a single-bid contract. In 2010, 80 percent of government IT work was undertaken by 18 suppliers.

article thumbnail

Chile’s procurement monitoring system now open to the public

Open Contracting Partnership

For open tenders, monitoring has a preventive function, since the review is conducted from the moment the tender is announced, through to the awarding and issuing of purchase orders, including when the bidders submit their offers. million relates to open tendering processes that were awarded, US$17.7 Of these, US$19.5

article thumbnail

The Public Procurement Glossary

Tracker Intelligence

Tendering and Bidding A contract notice is published, inviting suppliers to submit bids. It covers everything from tendering and bidding to contract management. Invitation To Tender What does ITT mean in procurement? Unlike an Invitation to Tender (ITT), RFPs allow for more flexibility in responses.