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Effective procurement 'could boost the economy'

8 February 2013

Director of the David Hume Institute Jeremy Peat has argued that efficient procurement practices could have considerable benefits for the UK economy, not least of which is bolstering the construction sector.

He told The Scotsman that it is not simply a matter of saving money and boosting bottom lines, as effective procurement can help to ensure the best results in terms of both financial and environmental benefits for firms.

Mr Peat noted: "If procurement rules are not unduly prescriptive, and at the same time the rules are transparent and access to tenders straightforward, then more small and local companies should be able to win contracts."

The news follows the recent publication of a new set of guidelines for public and private sector infrastructure providers in the UK as part of HM Treasury's ongoing Cost Review programme.

It aims to help businesses make savings of up to 15 per cent by 2015 and is entitled the Procurement Routemap.

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Categories: Procurement & Supply Chain

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