The Procurement Act 2023 Brings New Rules for Frameworks and Dynamic Markets

The changes that are set to be introduced later this year could prove useful for both suppliers and authorities.

While the Procurement Act 2023 will make changes across a number of areas of the procurement regime, frameworks will continue largely as before. There are, however, some innovations of which both suppliers and authorities should be aware that will increase the flexibility of framework options once the legislation is in force from October 2024. It also introduces dynamic markets, which will replace the lesser-used dynamic purchasing systems (DPSs) that exist in the current regime.

Suppliers and authorities should both be aware of the characteristics and potential benefits of frameworks and dynamic markets.

In this course, we explore the intricacies of procurement frameworks and dynamic markets. We delve into the streamlined processes that frameworks offer, providing authorities with efficient routes for acquiring goods, works, and services.

By the end of this course, you should be able to:

1. Understand the concept of procurement frameworks and their role in streamlining the purchasing process for authorities
2. Identify the benefits and limitations of procurement frameworks, including their impact on supplier selection and terms and conditions