Remove Competitive Bidding Remove Efficiency Remove Framework Agreement
article thumbnail

The four key drivers that can enable better IT procurement

Open Contracting Partnership

Solution: An open procurement approach, such as agile procurement methodologies and flexible framework agreements, facilitates quicker decision-making and increases adaptability to emerging technologies. Solution: Open contracting fosters competition among vendors, reducing costs through competitive bidding.

article thumbnail

Enhancing Competition in Public Procurement: Lessons from the NAO Report

Tracker Intelligence

The Importance of Competition in Public Procurement The essence of competition is to allow multiple suppliers to compete for a government contract under the same conditions so that the best value is achieved. This is not just theoretical; the benefits of competition are tangible, and public bodies and citizens alike can feel them.

article thumbnail

How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

It shows your business has excelled in the competitive bidding process. While a public sector framework is not a guarantee of work, it does come with advantages. Most importantly, being part of a framework agreement shows that your business or organisation is credible. So why wait? So why wait?