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Discover moreG&T partners with IPEC on public sector procurement pre-market engagement guide
Download now to learn how to utilise preliminary market engagement to effectively drive innovation through the procurement process.
The public sector spends approximately £380bn annually on goods, services and works from the private sector. The authors of this report posit that there is a substantial missed opportunity to drive greater innovation through this spending by managing the supply chain more effectively.
The authors lay out three key aims within the guide produced by IPEC (Innovation Procurement Empowerment Centre):
- To demonstrate the importance of becoming an informed client.
- To showcase how preliminary market engagement can diversify the public sector’s supplier base.
- To reveal how preliminary market engagement can capture innovative solutions that the market is developing to achieve better and sustainable outcomes.
The Cabinet Office have noted that the incoming Procurement Act will provide procurement teams across the public sector greater commercial freedom and flexibility, enabling them to design procurement processes that better meet their specific needs and foster innovation. This guide serves as a useful resource for procurement professionals to better utilise the tools available to them to drive greater innovation through the procurement process.Marut Gohil
Senior Associate, G&T
The guide describes the “what”, “why” and “how” of delivering preliminary market engagement, as well as best practice for achieving effective outcomes in line with the 2023 Procurement Act. The guide uses example case studies including how pre-market engagement was effectively used to drive innovation on High Speed 2’s Rolling Stock procurement, demonstrating the efficacy of early market intervention. The guide also outlines how public sector procurement professionals can begin to utilise this method to deliver innovation.