Public Procurement After Brexit: BiP Business Analysis - brought to you by Supply
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Transcript of Public Procurement After Brexit: BiP Business Analysis - brought to you by Supply
Many of our public and private sector clients have been asking how the EU referendum vote will impact public sector
procurement.
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The short answer is “not a lot”.
The slightly longer answer is contained in this business analysis Public Procurement After Brexit.
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Written in layman’s terms, Business Analysis: Public Procurement after Brexit examines current UK procurement procedures and
the way in which they are likely or unlikely to change after Brexit.
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The report is written by Principal Procurement Consultant Eddie Regan; a professional who
spends most of his waking hours either studying or instructing on procurement procedures.
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Eddie has helped BiP clients understand countless regulatory changes over the years and in this Business
Analysis, he gives us his expert opinion on the potential impact of Brexit.
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He said:
“If the UK exits the European Union but joins the European Economic Area, there is likely to be little change if any – the
one key difference is we won’t have a voice at the negotiating table for future Directives, but we will probably comply voluntarily, just like Norway, Iceland and Switzerland.”
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With much EU procurement legislation heavily influenced by UK priorities, UK procurement is
unlikely to change dramatically following Brexit.
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BUT nervousness over the economy might encourage UK customers – both consumers & businesses - to
tighten their belts or look for better deals elsewhere.
Don’t let your fear give your competitors the upper hand!
Brexit hasn’t stopped UK public sector business and it shouldn’t stop yours...
In the financial year 2014/15, the public sector spent approximately £263 billion on goods, works and
services, making it the largest marketplace for UK suppliers.
The market is open to suppliers of all sizes, as Treasury figures from 2014/15 showed 27.1% of central government buying was with small businesses,
either directly (10.9%) or through the supply chain (16.2%).
So how can you prepare?
To seize these opportunities SMEs must keep abreast of contract notices.
Supply is the only complete solution in the market that will help you find, bid for, and win
the contracts that will grow your business.
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Supply publishes more non-OJEU contracts than anyone else.
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To discover more about how Supply can boost your business visit:
www.supplycontracts.co.uk