Image: © Virtualstock Let’s take a look at what the future holds for public procurement and how Framespan complements the Procurement Act 2023 In a notable change in public procurement, introducing the Procurement Act 2023 marks a pivotal shift in the UK. This Act aims to revolutionise procurement processes, emphasising efficiency, transparency, and social value. In this context, Framespan emerges as a cutting-edge Software as a Service (SaaS) platform, poised to play a crucial role in aligning procurement practices with the new legislative landscape. Overview of the Procurement Act 2023 The Procurement Act 2023 consolidates existing procurement regulations, introducing new terms and objectives focused on value for money, public benefit, and integrity. However, the transformational impact of this Act hinges on its practical implementation by procurement teams. These teams face the challenge of balancing their existing duties while adapting to the Act’s enhanced flexibilities and requirements. Digital transformation in public sector procurement Digital transformation has become a driving force in evolving procurement practices. In this digital age, platforms like Framespan are at the forefront of fostering innovation and operational efficiency. By leveraging technology, procurement processes can be streamlined, offering a more effective approach to meeting the evolving demands of […]
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