Are you ready for go-live on 28 October 2024?
The Procurement Act 2023 is the largest change in public procurement regulations in a generation and is mandatory for all public contracting authorities including housing associations. The Act aims to bring great benefits to both the public sector and suppliers, drive innovation, deliver better outcomes and embed transparency right through the commercial lifecycle, so everyone can access procurement data and see how public money is spent.
It's designed to:
This is a pivotal time for anyone involved in public sector procurement.
We are working with the Cabinet Office, undergoing training, developing new processes and policies to support implementation of the Act.
As a supplier, you also need to prepare for this significant change, familiarise yourself with the Act and the changes you will need to make.
Understanding the changes will allow you to take full advantage of the new processes which will apply to all new procurement opportunities published on or after 28 October 2024.
Suppliers will need to register as a current or potential supplier on the Government’s new central digital platform which will be available from Autumn 2024. This will let suppliers to enter the data needed for all contracting authorities once, saving you administrative time and effort.
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