Scottish Procurement Generates More Than £13 Billion
Public procurement wielded substantial economic influence in Scotland throughout the fiscal year 2021-22, a new report shows. This report marks the fifth annual assessment of procurement activities in Scotland, and revealed that public sector procurement spending surpassed £16 billion, with £8.9 billion directed towards Scottish entities.
In terms of economic activity, the report unveiled that public sector ...
$450m US Government System Engineering Contract Won.
KBR, a company providing science, technology and engineering solutions has won new contracts exceeding $450 million to provide advanced systems engineering support and services to the U.S. Government. These contracts, set to run through 2031, include a spectrum of technical expertise including systems engineering, acquisition support, and applied research across space and ground systems.
The scope of ...
Contracts Sealed for England-Scotland Electricity ‘Superhighway’
For sales and bid managers in the renewable energy sector, the EGL2 project presents a wealth of opportunities.
Unlock Success: Wales’ Game-Changing Procurement Act 2023 Reveals Cutting-Edge Learning & Development Program!
A comprehensive Learning & Development initiative slated to roll out ahead of the new Procurement Act's debut in October 2024.
Government Property Agency’s Bold Move: New Strategic Partners to Revolutionise UK Infrastructure.
The Government Property Agency has announced the appointment of two strategic partners to spearhead its Capital Programmes. This move marks a pivotal step towards realising ambitious goals of economic growth.
Harnessing Public Procurement Data to Power Policy Decisions
Public procurement constitutes the purchasing activities of governmental entities. Combined, the $13 trillion worth of annual government contracting these represent an enormous yet often overlooked trove of operational intelligence. If you are unfamiliar with the government's global transparency in procurement approach, our background article, "Transparency in Global Public Procurement", provides an orientation.
Procurement data provides policymakers invaluable ...
How Government Procurement Data Drives Changes
Information has become a powerful tool for decision-making, strategy formulation, and accountability. One of the most significant sources of data with far-reaching implications is government procurement data. Beyond the numbers and figures, this data has the potential to drive meaningful change and transform various aspects of society.
In our previous article, "From Raw Data to Strategic Insights: ...
Maximising Export ROI: Government Procurement Insights
In the ever-evolving landscape of international trade, pursuing a higher Return on Investment (ROI) is a paramount goal for businesses engaged in export activities. While traditional strategies focus on market analysis and customer preferences, a transformative approach is emerging – one that harnesses the power of government procurement insights to unravel new opportunities. Here are some ...
8 Reasons Why Procurement Doesn’t Need Blockchain
Blockchain is fundamentally a database, but rather than a database where one item is allowed to replace another, each change to the data is added as new record that is then chained to other records using a complex algorithm.
These records are then distributed across multiple instances, so the records aren't held in a central database but ...
Is AI Chatbots the future of Government Procurement data accessibility?
Government procurement data encompasses valuable information - supplier details, contract values, and spending patterns. However, navigating this complex data landscape has traditionally been arduous for citizens, businesses, and even procurement professionals. Artificial intelligence (AI) integration is transforming accessibility with the emergence of AI-powered chatbots that deliver instantaneous, personalised data retrieval.
A New Frontier of Accessibility
Navigating the wealth ...
From Raw Data to Strategic Insights: Government Procurement Potential
Data-driven decision-making in the realm of government procurement has undergone a significant transformation in recent years. The mountains of raw data generated through procurement processes holds untapped potential to drive efficiency, transparency, and optimal resource allocation. This article explores the journey from raw data to strategic insights, showcasing how governments can maximise their procurement potential.
The Data ...
Export Strategy: Harnessing Government Procurement Data
In the dynamic global trade landscape, successful exporting requires a strategic approach that leverages valuable insights and data-driven decision-making. One often untapped source of actionable information is government procurement data. Integrating this data into your export strategy can provide a powerful blueprint for success, offering valuable insights into market trends, demand patterns, and growth opportunities. This ...
Transparency in Global Public Procurement
Transparency is a cornerstone of accountable and responsible governance, particularly in public procurement. Ensuring procurement transparency is a matter of ethical governance and a catalyst for efficiency, fair competition, and economic growth.
But the role of transparency in public procurement extends beyond ethical governance; it contributes to the creation of equitable and competitive markets. Here are five ...
Using Data To Transform Government Procurement
Data-driven transformation is reshaping government procurement by enabling a shift from reactive to proactive decision-making. Here are some of the ways data is supporting that shift.
Transparency and Accountability
Data strengthens transparency and accountability through real-time monitoring and reporting. Governments can monitor procurement processes in real-time using data analytics. This transparency ensures compliance with regulations, reduces fraud, and ...
Revolutionising Government Procurement with Predictive Analytics
The realm of government procurement is undergoing an evolution. Predictive analytics, an approach to harnessing data insights, is changing how governments approach procurement processes. This article explores the impact of analytics on government procurement, highlighting how it enhances efficiency, transparency, and strategic resource allocation.
The Power of Predictive Analytics in Government Procurement
Predictive analytics involves leveraging historical data, ...