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Understanding the new Procurement Act 2023: What suppliers need to know - Part 2

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. In Part 1 of our FAQs for suppliers , we covered key changes to the procurement process and what suppliers can do to get ready for the Procurement Act.

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Free vs. Paid Tender Portals: Which is Right for Your Business?

Tracker Intelligence

New opportunities in the public sector contracts and procurement process begin with finding the right tender opportunities. Public sector procurement information and contracts are available through both free and paid tender search engines. Thousands of contract notices are posted every week on different platforms in the UK.

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Engage with the market and make contract opportunities attractive to more suppliers Alongside investment in domestic country systems, the World Bank can strengthen its own procurement, through the stronger use of strategic procurement plans for each project. How can the Bank build on STEP to increase the value of its procurement data?

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Did you use AI to write this tender? What? Just asking! -- Also, how will you use AI to deliver this contract?

How to Crack a Nut

Second, there is the issue of tenderers using (generative) AI to write or design their tenders. Third, there is the issue of the use of AI by contracting authorities, eg in relation to qualitative selection/exclusion, or evaluation/award decisions. First, there is the issue of buying AI-based solutions or services.

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Did you know many Procurement Team in govt use MEAT as part of evaluation?

Tendersinfo

Most Economically Advantageous Tender (MEAT) is the measure for selecting the best out of the incoming bids based on factors that are related to the subject matter of the contract. This criterion of selecting the tender was announced by European Parliament in January 2014. Tender Evaluation is done as an aggregate of both aspects.

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The UK's AI Opportunities Action Plan -- a procurement view

How to Crack a Nut

The plan sets out the following: Pilot - rapidly developing prototypes or fast light-touch procurement to spin up pilots in high-impact areas, robust evaluation and publishing results. Mission-focussed national AI tenders to support rapid adoption across de-centralised systems led by the mission delivery boards. This will require: 34.

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The Tender Process: Will the Future of Tendering Be Shaped by Gen Zs?

Tracker Intelligence

This means that the tender process will have to be streamlined and efficient if it’s going to appeal to Gen Zs. The tender process is an important part of business, and Gen Zs will likely have a big impact on its future. The process then invites suppliers to submit sealed bids for the supply of goods or services.

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