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Contract Lifecycle Management (CLM) is a process that manages contracts from creation to renewal or termination. Contract management is useful for many reasons, from reducing risks to nurturing strong supplier relationships, but it can also be complicated. This is especially true for large contracts or contracts with complex procurement requirements.

Public sector procurement isn’t a haphazard process that you can bumble through until you award a contract. There is a procurement cycle that must be followed. Although procurement process flow well, having said that, the cycle isn’t set in stone. You have some leeway to adapt the cycle to suit

Primarily, supplier management involves monitoring supplier performance, measuring it against KPIs, and nurturing long-term relationships with suppliers who meet or, preferably, exceed expectations. It’s also how you identify poorly performing suppliers so you can remove them from your supply chain. Managing supplier relationship is important because it enables you to

A lot has been said about the Procurement Act 2023, but there hasn’t been much focus on the Public Contracts Regulations 2015 (PCR 2015). This is largely because they remain unchanged under the new Act and this is because they are still relevant in public procurement, meeting or providing for

Contract negotiation. It’s pretty important in procurement, especially public sector procurement where contracting authorities have to use taxpayers’ money judiciously. They are accountable for every penny spent, so their contract negotiating skills and business negotiation strategies have to be razor sharp. It’s also preferable to get contract negotiations done as

The general election has come and gone political parties are settling in and the Labour Party has announced that it’s determined to rescue the UK from the “chaos” of the previous government. To this end, the Labour Party has promised many reforms to rebuild, refresh, or revamp different industries, including

UK public procurement can be very interesting at times. The new Procurement Act is a case in point, especially in the context of government procurement and its international obligations and regulations. The procurement market is changing to reflect modern society’s changing needs; for example, social value and environmental factors are

Procurement reform is almost upon us, and the changes are just a few months from taking effect. It’s a good time to reassess your operations, not only to cut the wheat from the chaff but also to eliminate processes that serve little to no purpose.  Public sector organisations that aren’t

The Procurement Act 2023 has been enacted, but public sector buyers and suppliers have a grace period to get used to the changes the Act brings. There are new procurement methods and a tendering process to get used to, along with related best practices that must become second nature. One

A dynamic purchasing system (DPS) is one of several public sector procurement methods. It’s similar to a framework in that suppliers must be pre-approved before they can join the system, but there are two features that distinguishes a dynamic purchasing system from a framework: 1) Suppliers can join the purchasing

Procurement in the public sector is evolving and like most other industries, evolution leads to digital solutions and cloud-based services. As a result, procurement processes are increasingly streamlined and cost-efficient. The simplified systems help the government reach its overarching objective of increasing the number of businesses, especially SMEs, that compete

To ensure the new Procurement Act remains true to its purpose (to make it easier for SMEs to participate in the public sector), the Government has developed a new Central Digital Platform (CDP). From now on, all contracting authorities must publish contract notices directly to the digital platform. Alternatively, they