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Public Procurement is Changing - a guide for suppliers
From 28 October 2024 significant new regulations will come into effect that will transform public procurement - the Procurement Act 2023. This important piece of legislation will change the way the public sector buys goods and services, helping make better use of public resources to deliver better public services and grow the economy.
We want to keep our suppliers informed on what these changes mean to public sector procurement, and how NEPO plans to prepare for the go-live date later this year.
There's a lot of information out there on the new reforms, we understand that it can be confusing and overwhelming at times. We want to make the new regulations as simple to understand as possible.
A key objective for the Procurement Act 2023 is to make it easier for suppliers to do business with the public sector. The existing rules will continue to apply for contracts that are already in place, and for procurements started under the current regime, however for all new procurements post-October 2024, it is important that suppliers understand the change.
Here at NEPO our procurement team is working through the necessary training and guidance materials so they are ready to operate under the new Act and regulations later this year. During the next few months, we will provide updates and let you know wen action may be required.
The Cabinet Office, who are leading the Transforming Public Procurement programme, provide regular updates and supplier-specific knowledge drops on their website and via a regular newsletter. If you haven't already, we recommend you subscribe to their mailing list to ensure you're kept up to date on the latest news and information: