Knowledge Drop for Contracting Authorities Part 1 of 6

This knowledge drop series is designed to provide an overview of the Procurement Act 2023 and is aimed at organisational leaders in contracting authorities and those who may oversee functions which include or liaise directly with Commercial and Procurement teams. In this series of Knowledge Drops, when we talk about the Procurement Act we are referring to the Procurement Act and the regulations made under it. By the end of this knowledge drop series you will have a greater awareness and understanding of: -The key changes between the previous regulations and the Procurement Act -The benefits that the Procurement Act will offer -How requirements of the Procurement Act extend beyond procurement and commercial teams, and the need to work collaboratively across your organisation. -What actions you will need to take and consider to implement the ---Procurement Act, and -What further resources and training are available to support your organisation to drive cultural and behavioural change to exploit the flexibilities of the Procurement Act Materials have been made available to support contracting authorities with implementing the Procurement Act, for more information visit gov.uk/government/collections/transforming-public-procurement. The Procurement Act is only the start of achieving great commercial outcomes for the public sector. The Procurement Act sets the framework, but it is outstanding commercial leadership and capable suppliers which will deliver those outcomes. Contracting authorities need to take the necessary steps to ensure they are prepared and ready to utilise the Procurement Act to its full potential. Thank you for taking the time to watch this Knowledge Drop series, we hope that you’ve found it useful and informative and you now understand the principal changes and benefits of the Procurement Act 2023. Further information can be found at Transforming Public Procurement page at Gov.UK