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Supply chain difficulties in public sector contracting

10 Nov 2022 11:29 AM | Abbie Lunn (Administrator)

Tackling rising prices within the parameters of public procurement.

One of the main symptoms of the current economic crisis is rising prices, for individuals and businesses. Brexit and the Russian invasion of Ukraine are just two contributory factors in fuelling increases in prices across the supply chain in the UK, particularly the cost of raw materials, labour and transport.

Public-private sector contracts often have to be publicly procured and if you are involved in public procurement, whether as a procuring authority or a bidder, high inflation and rising prices only bring uncertainty. The question on the minds of suppliers and authorities alike is what this means for the successful delivery of projects, and whether the new Procurement Bill is likely to provide additional assistance?

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