Tussell’s Post

📢 UK Public Sector Procurement: Key Stats for 2023/24 💷 £407 billion spent via procurement in 2023/24 – projected to grow by 10% in 2024/25. 📄 38,000+ tenders & Pre-Information Notices issued. ✅ 70,000 contracts awarded to suppliers! These figures, powered by Tussell's market intelligence platform, highlight the massive opportunities for suppliers in the public sector. 🚀 Is your organisation ready to tap into this growing market? 🌟 To find out more about our Tender Search Services - click the link below: https://ow.ly/Ekso50UGPns #PublicSector #Procurement #BusinessOpportunities #MarketIntelligence

Not quite sure why I look so stern in this video, but this is actually me being really excited about how we could do public procurement differently (and importantly better) in the future. Thanks to Institute for Government for letting me get on my soapbox about this! #PA23 #ProcurementReform

We've just released the latest edition of our flagship Strategic Suppliers report! Click the link below to deep dive into 39 of the most important suppliers to government, and their footprint across the Public Sector. 🏛️

For those of us in the industry, the Procurement Act 2023 presents an exciting opportunity to reshape perceptions of public procurement. While there’s been fantastic engagement, how ready are public bodies and suppliers to fully embrace the changes? Hear our very own Laura Wisdom discuss this and much more at the Institute for Government's recent expert panel event on meeting the challenges and opportunities of implementing the government’s new procurement approach. Watch the full briefing here: https://lnkd.in/eBXsXt87 Or audio only here: https://lnkd.in/eqtyrMpg #ProcurementAct #ProcurementLaw #PA23

🚨 NEW: The 39 key suppliers to government - unpacked 📊 £22 billion. ⬆️ That's how much the UK public sector spent directly with the 39 'Strategic Suppliers' last year. That's equivalent to £1 in every £10 of procurement expenditure! Who are they? Is their clout rising or falling? Which departments are the most reliant on them? And what does this tell us about the state of play in public procurement? ⭐ Find out in the latest edition of Tussell's annual Strategic Suppliers Report - available in the comments below 👇 #procurement #StrategicSuppliers #report

Public vs. Private Sector Procurement: What Sets Them Apart? Procurement is the backbone of every organization, but did you know the public and private sectors approach it quite differently? While the public sector focuses on fairness and strict compliance, the private sector prioritizes flexibility and innovation. 🔹 Key Differences: Public Sector: Governed by strict laws, competitive bidding, and transparency. Private Sector: Emphasizes negotiation, adaptability, and cost efficiency. 🔹 The Overlap: Both sectors are converging—public embraces digitization, private adopts more transparency. Which sector do you think handles procurement better? 🌐 https://lnkd.in/e9BYVDFi #procurement #publicvsprivate #compliance #efficiency #procurementinsights

Is bidding on #government procurement contracts right for your business? You may be surprised to learn that contracts at all levels of government are for more than just infrastructure projects. However, because this isn’t widely known the procurement landscape is dominated by a small number of powerful businesses. We are here to change that. By working hand in hand with both businesses like yours and government agencies, The Amalgamation aims to change #procurement practices. The cost of a monthly membership is less than a few trips to Starbucks, and as our membership grows so does our ability to drive positive change. For more information, check out the-amalgamation.com

🔹Ever thought about the role of middle men in government contracting? 🤔 As intermediaries between the government and vendors, they play a crucial but often controversial role in the procurement process. 💼 🔹While some argue that middle men add value by streamlining processes and providing expertise, others question their necessity and the potential for increased costs. 💸 🔹Here are some thoughts to ponder: - Are middle men truly necessary for efficient government contracting, or do they simply add an extra layer of bureaucracy? - How can transparency and accountability be ensured in the involvement of middle men in government contracts? - What measures can be taken to address concerns about potential conflicts of interest when middle men are involved in procurement decisions? 🔹Finding the right balance between efficiency, cost-effectiveness, and integrity in government contracting is essential for a fair and transparent process. 💡 🔹Whether you're a middle man, a government official, or a vendor, it's important to reflect on the role and impact of intermediaries in the procurement landscape. 💬 🔹Let's continue the conversation and share your thoughts! What's your take on the role of middle men in government contracting? 💭 #GovContracting #Transparency #ProcurementDialogue

Ever stop and think about the role of middlemen in government contracting? 🤔💼 Let's break it down together! 🔍 Middlemen play a crucial role in the government contracting landscape, often bridging the gap between agencies and suppliers. But are they facilitators of efficiency or obstacles to transparency? 🤨 💡 Here's the scoop: - Middlemen can streamline the procurement process, saving time and resources for both the government and vendors. - However, their involvement can sometimes cloud the transparency of transactions, raising questions about accountability and fair competition. ✋ Pause and ponder: - Are middlemen truly essential intermediaries, or do they add unnecessary complexity to the procurement chain? - Do they bring added value through expertise and market knowledge, or do they create barriers to entry for smaller businesses? 🌟 Here's the bottom line: - While middlemen can bring benefits like market access and expertise, ensuring accountability and transparency in government contracting remains paramount. - It's a delicate balancing act between efficiency and integrity that calls for continuous scrutiny and evaluation. 💬 Share your thoughts! Are middlemen in government contracting a necessary evil or a vital link in the procurement chain? Let's spark a conversation and delve deeper into this intricate ecosystem! 🌐💬 #GovernmentContracting #Procurement #Transparency #Accountability #MiddlemenMatters

Public Procurement Insights Day 18: Don't miss out on public procurements Did you know: Almost 50% of all notices created in Mercell platforms in 2024 were below EU threshold procurements? A significant portion of public procurement takes place below EU or national thresholds. These opportunities often fly under the radar as they’re not always required to be published, making them challenging for suppliers to discover. 🚀 Start uncovering these untapped opportunities today by exploring below-threshold tenders! #PublicProcurement #MercellInsights #BusinessOpportunities