The long-awaited Procurement Act 2023 (“the Act”) has finally received Royal Assent on 26 October 2023.

This will see the UK adopt its own bespoke set of rules to govern public procurement from October 2024.

The new regime will not only move away from the universal language of the EU Directives but will also consolidate the currently separate sets of regulations governing public sector contracts more generally and those specific to utilities, defence and concessions.

Read the full article on TLT here.