Procurement Act 2023: New performance monitoring regime

The Procurement Act 2023 contained the significant introduction of a new performance monitoring regime for suppliers. This element of the legislation did not come into force alongside other key changes on 24 February this year, and a date for this has not yet been confirmed.

Emma Elston-Carr, Associate in HCR Law’s Dispute Resolution team, explains the intention and impact of the introduction of compulsory Key Performance Indicator’s for certain suppliers, which will be regularly assessed by contracting authorities.

This podcast is brought to you by our Dispute Resolution team and provides a comprehensive update for procurement professionals.

The briefing covers:

• What is public procurement?
• Why regulation is so important in public procurement
• The underlying principles behind the procurement regime and why change is being introduced
• What the Procurement Act 2023 seeks to achieve
• Will the new Act make routes to market easier?
• Will we see more innovative approaches to procurement going forward?

And plenty more besides. Listen to the full episode here.