​Procurement Act 2023 Delayed

The UK Government have announced a delay in the implementation of the Procurement Act 2023. The original go live date of 28 October 2024 has now been pushed back by 4 months to the 24th February 2025. The delay will allow for a smoother transition for both suppliers and contracting authorities. Public authorities should use the extra time to review their procedures and skillsets, and to ensure they are ready for the new regulations.

The act aims to deliver

• Value for money: Ensuring that public money is spent wisely 
• Transparency: Increasing transparency in the procurement process 
• Supplier performance: Monitoring supplier performance, especially for contracts over £5 million 
• Non-financial criteria: Considering quality, local job creation, and environmental impact