Harnessing Public Procurement Data to Power Policy Decisions
Public procurement constitutes the purchasing activities of governmental entities. Combined, the $13 trillion worth of annual government contracting these represent an enormous yet often overlooked trove of operational intelligence. If you are unfamiliar with the government's global transparency in procurement approach, our background article, "Transparency in Global Public Procurement", provides an orientation.
Procurement data provides policymakers invaluable ...
Tightened Payment Terms for Public Procurement Suppliers
The UK government's new tightened payment terms for suppliers in public procurement contracts signals a vital move that will have far-reaching impacts across the business landscape when bidding for contracts.
Far-Reaching Scope of New Public Payment Rules
The new Procurement Policy Note 10/23 (PPN) will require suppliers bidding on government contracts to prove they pay 95% of invoices in 60 ...
Public Sector Insights: Unlocking Growth for Trade Associations
As advocates for their respective industries, trade associations are uniquely positioned to guide business growth opportunities. In our previous article, "Export Strategy: Harnessing Government Procurement Data", we explored how government procurement data can seamlessly integrate into export strategy. Today, we will discover how incorporating government procurement data insights can elevate a trade association's leadership, empower members, ...
Navigating Changes in Healthcare Service Provider Selection
The Provider Selection Regime (PSR) is set to come into force on January 1, 2024, introducing new rules for procuring healthcare services in England. As a supplier, you need to understand these changes and how they may impact you.
When Does The PSR Take Effect?
The PSR will come into force on January 1, 2024, replacing current healthcare ...
How Government Procurement Data Drives Changes
Information has become a powerful tool for decision-making, strategy formulation, and accountability. One of the most significant sources of data with far-reaching implications is government procurement data. Beyond the numbers and figures, this data has the potential to drive meaningful change and transform various aspects of society.
In our previous article, "From Raw Data to Strategic Insights: ...
All About the £480m NHS IT Deal
The US analytics and AI firm Palantir, partnering with Accenture, could be awarded as the £480m Federated Data Platform (FDP) procurement winner. The announcement is expected after ministers signed off on the decision.
Palantir, the current supplier for FDP, was widely seen as the favourite throughout the procurement process. Its main rivals were Oracle and IBM.
Background on ...
Maximising Export ROI: Government Procurement Insights
In the ever-evolving landscape of international trade, pursuing a higher Return on Investment (ROI) is a paramount goal for businesses engaged in export activities. While traditional strategies focus on market analysis and customer preferences, a transformative approach is emerging – one that harnesses the power of government procurement insights to unravel new opportunities. Here are some ...
Changing Landscape of UK Defence Contracting
Government procurement always involves navigating complex regulations, but few areas are more intricate than defence acquisitions. In our previous article, "EU's First Joint Defence Procurement Deal", we describe details about the European Defence Industry Reinforcement through Common Procurement Agreement (EDIRPA). EDIRPA seeks to address the longstanding fragmentation of demand among EU member states and aims to ...
Blockchain falls out of favour
Not long ago, blockchain technology was touted as the go-to technical solution to a raft of government problems. From social security to smart contracts, blockchain was going to be the product that could revolutionise public services.
In the past, we explored the question of whether procurement needs blockchain technology in an article "Does Procurement Need Blockchain?". In ...
8 Reasons Why Procurement Doesn’t Need Blockchain
Blockchain is fundamentally a database, but rather than a database where one item is allowed to replace another, each change to the data is added as new record that is then chained to other records using a complex algorithm.
These records are then distributed across multiple instances, so the records aren't held in a central database but ...
Assessing the Procurement Act 2023: What’s in Store for UK SMEs?
The Procurement Bill recently received Royal Assent on 26 October, becoming the Procurement Act 2023. This legislation represents one of the most substantial overhauls of the UK's public procurement system in decades. While now law, the Act's provisions still need to be fully in force.
Full implementation is expected in October 2024 after a transition period.
We have ...
Is AI Chatbots the future of Government Procurement data accessibility?
Government procurement data encompasses valuable information - supplier details, contract values, and spending patterns. However, navigating this complex data landscape has traditionally been arduous for citizens, businesses, and even procurement professionals. Artificial intelligence (AI) integration is transforming accessibility with the emergence of AI-powered chatbots that deliver instantaneous, personalised data retrieval.
A New Frontier of Accessibility
Navigating the wealth ...
Rebuilding Ukraine: How Businesses Can Leverage the DREAM Platform for Impact and Opportunity
Businesses looking to enter and grow in the promising Ukrainian market should consider leveraging the new Digital Reconstruction Ecosystem for Accountable Management (DREAM) system. This digital platform offers a transparent, efficient way for businesses to participate in Ukraine's massive reconstruction efforts as the country rebuilds from the destruction of war.
Transparency and Accountability Through DREAM
With damage estimates ...
From Raw Data to Strategic Insights: Government Procurement Potential
Data-driven decision-making in the realm of government procurement has undergone a significant transformation in recent years. The mountains of raw data generated through procurement processes holds untapped potential to drive efficiency, transparency, and optimal resource allocation. This article explores the journey from raw data to strategic insights, showcasing how governments can maximise their procurement potential.
The Data ...