Grow with Public Sector opportunities
The Procurement Act 2023, represents a significant overhaul of the country's public procurement regulations. This Act aims to create a simpler, more transparent, and efficient procurement system that delivers better value for money and is more accessible to small and medium-sized enterprises (SMEs). It consolidates the various existing procurement regulations into a single, unified framework.
At Yordanova Consulting, our core mission is to guide organizations through the complexities of public sector engagement. The recent introduction of the Procurement Act 2023 marks a transformative shift in the procurement landscape, heralding significant changes that both existing and new suppliers must navigate.
How we help
Learn more using The Official Transforming Public Procurement Knowledge Drops available below or visit the official government page here for the complete series.
Knowledge Drop for Suppliers part 1
Knowledge Drop for Suppliers part 2
Knowledge Drop for Suppliers part 3
Step 1 Business Analysis and Contract Value Identification:
We start by analyzing your business to understand its strengths and capabilities. Based on this, we assist in identifying the most suitable contract values you should be targeting. This ensures you focus on opportunities that align with your business's capacity and goals.
Step 2 Regulation and Certification Compliance:
Our next step is to ensure that your business meets all regulatory and certification requirements pertinent to your specific sector. This may involve guiding you through the process of obtaining necessary certifications or aligning your operations with industry standards and regulations.
Step 3 Digital Platform Navigation:
With the procurement process increasingly moving online, we guide you in identifying and utilizing the best digital platforms where procurement opportunities are listed. Our team provides hands-on training to help you effectively navigate these platforms and stay updated on relevant opportunities.
Step 4 Bid Management and Strategy Development:
We assist in the entire bid management process, from finding suitable bids to developing a winning strategy. Our expertise helps you tailor your bids to meet the specific requirements of each tender.
Step 5 Bid Review and Submission:
Prior to submission, we conduct thorough reviews of your bids to ensure they are comprehensive and competitive. Our team supports you in organizing and submitting bids in line with procurement protocols.
Step 6 Analysis of Tender Outcomes:
Whether successful or not, analyzing the outcomes of your tenders is crucial for future improvement. We help you dissect both successful and unsuccessful tenders to understand what worked and what didn’t. This analysis forms the basis of a tailored roadmap for your business’s continued success in procurement.
Step 7 Continuous Support and Improvement:
Our relationship doesn’t end with a tender submission. We provide ongoing support and advice, helping you refine your approach, stay abreast of market changes, and continually improve your procurement strategy.
Opening Doors for SMEs
This transformation also presents a golden opportunity for small and medium-sized enterprises (SMEs) looking to venture into public sector procurement. The simplification and transparency introduced by the Act have significantly lowered the barriers to entry, making the process more accessible than ever before. Whether you're looking to understand the new procurement landscape, register on the new digital platforms, or develop competitive bids, our team at Yordanova Consulting is equipped to facilitate your journey into this once daunting domain
Adapting to Change for Continued Success
For businesses already operating within the public sector, the Act introduces numerous updates that necessitate swift adaptation. These changes are geared towards creating a more streamlined and efficient procurement process. At Yordanova Consulting, we offer expert guidance to ensure that your organization not only adapts to these changes but also thrives under the new system. From understanding new regulatory requirements to aligning your procurement strategies with the updated framework, we are here to support your successful transition.
Procurement Act 2023
Mandates Consideration of Small Business and Social Enterprise Challenges in Procurement Processes
Procurement Act 2023
Opens the Door to £393 Billion in Market Opportunities
