How Effective Competition Can Improve Value For Money In Public Procurement

How Effective Competition Can Improve Value For Money In Public Procurement
Webinar

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Background: The authors of “competition in public procurement”, published by the UK National Audit Office will present their recent report and recommendations which are equally relevant for buyers and sellers across the public and private sectors. UK government spends over £250 billion every year on the procurement of goods and services. It is a broadly agreed principle that competition can help support efficiency, innovation and quality in public services, yet the government has not defined effective competition. When competition is lacking or ineffective, other safeguards are required, or value for money can be reduced through higher prices, inefficiencies and poorer outcomes. The new Procurement Act will be rolled out in 2024, and is underpinned by illustrative scenarios that suggest increased competition could deliver savings of £4 billion to £7.7 billion per year. This webinar points the way to achieving these benefits under the new legislation.

Speaker:

Matthew Rees is Director of the NAO’s Commercial Hub, which leverages the NAO’s wide range of parliamentary reports about government performance to provide insights across public procurement and commercial arrangements, corporate finance and regulation. Matthew has led a wide range of NAO studies, including the use of supply chain finance in the NHS, the privatisation of Royal Mail, the UK guarantees scheme for infrastructure investment and landscapes of government companies and financial institutions. Matthew qualified at KPMG, where he worked on public sector audit before moving to corporate finance and investment banking. He has served as a NED at Gemserv Limited, a business process outsourcing company, and is a member of the ICAEW’s Supervisory Council. His public sector career spans Competition and Markets Authority, Ofwat and the Single Source Regulations Office.

Date
Wednesday, 31 January 2024

Time
11:00 - 11:45 GMT

Cost
Free