Alexi Markham
Partner
Guide
The Procurement Act's revised implementation date of 24 February 2025 allows additional time to prepare for what marks a landmark change in public procurement rules. Once in place, the new Act will bring far-reaching changes in regulations applying to England, Wales and Northern Ireland. So, time invested now in reviewing your policies and processes will be well spent to aid transition.
How will the new regime differ from the old? While the Act consolidates a number of existing regulations, there is also much that is new – and the scope is substantial. Focused on clarity, transparency, value and fairness, the Act seeks to introduce many improvements – including greater flexibility, a more competitive process for contracts and improved data on procurements. And with certain sector-specific provisions made and exclusions applied, it's important each organisation considers what the Act will mean for them.
Have you already begun to update your policies and procedures? Are you familiar with all the new notices required and when and how they apply? Have you considered what changes apply at each stage of a procurement and how requirements might vary by contract type? Could you benefit from additional training and scenario planning in case of challenges along the way?
Our new 'Procurement Act Toolkit' will help you get to grips with the new legislation, follow best practice and gain practical tools to support you throughout the lifecycle of a procurement. Broken down into four main stages – plan, define, procure, manage – we set out:
Ready to learn more about what the Act will mean for you and the action you could be taking now and after February 2025 to ensure you manage procurements effectively? Enter your details below to download our Procurement Act Toolkit.
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