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Throughout the evolution of project and publicprocurement management, terms and expressions in the field have increasingly been used interchangeably. Procurement decisions may also be influenced by emergencies, such as the need for the prompt delivery of goods and services to address disasters like earthquakes or hurricanes.
Competition in publicprocurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector.
The intention is to encourage consideration of ways to simplify and open opportunities for SMEs to efficiently participate in more publicprocurements. The suggestions apply to all segments of competitivebidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.
Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. Their CFO is required to ensure value for money and compliance with competitivebid laws. Outsourcing the procurement expertise is a growing option for smaller entities to consider.
But beyond the financial rewards, what does your business stand to gain from getting involved in publicprocurement with the government? And how can you stand apart from the competition to win government procurement contracts in the first place? It shows your business has excelled in the competitivebidding process.
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