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Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

VWV

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

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The Public Procurement Glossary

Tracker Intelligence

Whether you’re a supplier trying to land your first contract, a business just getting into understanding government procurement, or a pro looking to stay on top of compliance, this glossary is your go-to guide. Tendering and Bidding A contract notice is published, inviting suppliers to submit bids.

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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

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Slowing Down Public Sector AI Adoption -- guest post by Saema Jaffer

How to Crack a Nut

This guest post by Saema Jaffer* explores the policy approaches that can be followed in the UK, and elsewhere, in relation to the use of AI in the writing and evaluation of tender documents. I am reading a leaflet for a contract management portal when I overhear a conversation between a buyer and a supplier. “I

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Why Malaysia needs a new public procurement law

Open Contracting Partnership

Open contracting, a globally recognized framework, advocates for transparency at every stage of the procurement lifecycle including planning, tendering, awarding, and contract management. But at the heart of this transformation lies the principle of transparency.

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Procurement Framework: Find The Best Solution For You

Tracker Intelligence

federal government awarded a total of $759 billion in public sector contracts , representing a $33 billion increase from the previous year. This emphasises the importance of being on the right framework agreements for suppliers. They establish terms and conditions for future contracts. In 2023, the U.S. But where do you start?

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

For the vast majority of organisations, suppliers must play their part when it comes to agile business and speed to market. That requires extraordinary work internally and co-ordination with key suppliers. The related objective for that firm is that no less than 70% of those new products should come from supplier-generated ideas. .