Are you ready for the Procurement Act?

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So, the wait is finally over – the Procurement Act is on its way, set to shake up the game for both buyers and suppliers in the public sector. With its arrival scheduled for October, this Act promises not just change, but a whole new future marked by transparency, fairness, and efficiency.

At Matrix, we are getting ready for this change, just like the recent attendees at the Procurement Act Expo held at the NEC in Birmingham. The conversation was electric, brimming with discussions on how to navigate this imminent shift in public procurement. 

Efficient frameworks are crucial at this time and our EPF (Ealing Procurement Framework), which perfectly aligns with the goals set forth by the Procurement Act will help to streamline processes, reduce administrative burdens, which will ultimately empower local suppliers. Because let’s face it, paperwork overload has long been a thorn in the side of public sector procurement. But with the new Act championing streamlined processes, frameworks like EPF are poised to lead the charge towards a more efficient future.

Our Social Value team is diving headfirst into the social value aspect of the Act, which emphasises the inclusion of local businesses in public contracts. And this is where Matrix’s Supplier Relationship Management (SRM) comes into play. By forging strong bonds with local suppliers, we’re not just ticking boxes – we’re nurturing a diverse pool of talent, fuelling economic growth within our very own communities.

And let’s not forget the Act’s emphasis on outcomes. With a focus on clear goals and deliverables right from the get-go, transparency and accountability become the name of the game with successful project completion that truly delivers value for the public.

The Procurement Act Expo was just a taste of what’s to come, and let me tell you, the future is looking bright, if approached with efficiency in mind. We are pretty confident that frameworks like EPF will lead the charge with Matrix paving the way for a procurement landscape that’s not just efficient, but inclusive and results-oriented. We’re proud to be at the forefront of this change, and we can’t wait to join forces with public sector organisations to shape a brighter future for procurement.

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