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Simplified access to contracts
In the current framework, SMEs often struggle to access public contracts due to rigid thresholds and complicated eligibility criteria that go in favour of larger companies. The purpose of the act will be to help reduce these barriers by simplifying documentation and application requirements to be more encouraging for SMEs.
Focus on sustainability and social values
Currently, many tenders’ success criteria are focused on price – however, the new act shifts the criteria from the Most Economically Advantageous Tender to the Most Advantageous Tender. There will be a greater focus on sustainability and social values in the decisionmaking process, such as reducing carbon footprints, supporting local communities and ensuring ethical business practices.
This change gives SMEs a better opportunity to secure government contracts by highlighting their contributions for‘ good’ beyond just cost alone, allowing them to compete with larger businesses who may have previously benefitted from economies of scale.
How can SMEs prepare for the new act?
Stay up-to-date
With the new act there will be new developments and regulations, as well as opportunities, and government procurement is no exception. Make sure that you, or someone in your business, is responsible for staying informed of these changes. This can be achieved through participating in workshops with industry trade associations, reviewing government guidance and networking with other SMEs.
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