Procurement News, Opinions and Latest Market Leads

Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector. If not resolved quickly, these issues could lead to higher […]

Artificial Intelligence (AI) systems have become a crucial part of the digital economy driving change, and providing new opportunities supported by technological innovation. As these systems begin to play a more important role, the government needs to uncover the risks associated with using artificial intelligence in procurement, and what steps need to be taken to […]

Public procurement plays a significant role in economic and social growth by assuring that governments deliver vital services and infrastructure to their societies. Imagine a competent procurement officer surrounded by a myriad of daunting problems, including legislative procurement compliance solutions, inefficiency, and even the risk of fraudulent activity. These barriers should be dealt with if […]

Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Data-driven decision-making enables procurement teams to improve performance and align with wider […]

Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. Procurement promotes the use of digital tools, resources and applications to drive sustainable innovation across multiple sectors and determine the systems needed to achieve a more environmentally conscious transition.  Effective procurement practices allow the establishment […]

Public sector procurement relies heavily on framework agreements as a streamlined purchasing tool for goods and services. Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. These agreements take on even greater importance under the Procurement Act 2023, with greater emphasis on transparency, […]

In 2023, the U.S. federal government awarded a total of $759 billion in public sector contracts, representing a $33 billion increase from the previous year. This emphasises the importance of being on the right framework agreements for suppliers. For suppliers, securing a position on an essential public sector frameworks list is more important than ever. […]

Introduction to Construction Tenders in the UK For companies that require tenders in order to obtain new contracts, construction tenders are particularly important in the UK. Tendering is the act of offering bids in construction-related contracts with significant stakeholders such as the government, commercial developers or contractors. It is an effective way for businesses to […]

Introduction to Construction Sales Leads Construction sales leads are crucial in the construction industry since they help in connecting companies with potential projects or clients. Tracker Intelligence is a valuable source of leads for construction businesses as it allows them to search for opportunities, find customers and streamline their sales process. These construction project leads […]

The public sector is a massive consumer of energy, water, and various other consumables, and therefore should be able to make a substantial contribution to reducing carbon emissions. Public procurement regulations is absolutely front and centre to this, both in terms of buying more sustainable products and services, but also incentivising its supply chain to […]