What is Public sector Procurement?
When a public sector buys any goods and services from the private sector, it is known as public procurement portal. This can be anything like public transport services and ventilators in hospitals. Public procurement helps in managing all the procurement-related processes like sending purchases, requisitions approving delivered goods, and services generating, purchase orders and, many more.
There is a variety of advantages associated with public procurement portal services. There is a variety of public procurement portals that are available in the UK so that the public sector can buy any goods and services from the private sector online. For example, my tenders is a site in the UK, it is the Best construction site for suppliers interested in working with the public sector and, the construction index Global tenders UK are some examples of the online portal in the UK for public procurement.
Different methods to sell
There are a variety of opportunities to sell goods and services to the public tender sector through the Digital Marketplace. One can also sell goods by contracts finder, public sector by tenders electronic daily. Additionally, the UK new policy of finding a tender service helps in publishing contract notices, which one may look at and invest in them if they want before the submission time. For a tender to be effective, there should be competitive bidding, it will be possible only if more and more people bid in a tender.
Some proposals have been made to improve the public procurement policy in the UK
Replace the seven procurement procedures with three simple step procedures, so that the procedures become simpler, and the government can buy more and more goods and services from the public sector.
One must introduce an open Framework agreement so that new suppliers then join. When the Framework is opened, existing suppliers can remain on their original bid or can be able to submit the updated bid.
They must reform the challenges faced during public procurement. The requirement is to publish some basic disclosure information in the notice but remove the requirement-mandated debrief letters.
A proposed cap on the profit of contracts extension where a legal challenges raised which can be calculated, on the government standard rate for the duration of the extension.
A proposed cap on the damages available to the bidder who bring challenges to legal fees excluding the damage for the loss of profit would apply when a supply has been unable to challenge the procurement in advance of the award that is not useful as problems are possible or in legality in the procurement process only arise after the above decision is made.
The public procurement portal helps the government in buying various goods and services from the public sector as one can easily show the goods and services which they want to sell on the portal of public procurement helps the government in the difficult time. It is necessary for the public sector and the private sector to go hand in hand for the development of the country.