It is estimated that the UK Government procures £230bn of products and services per year, with items varying from simple purchases like stationary through to complex investment decisions such as construction.
The construction sector has long voiced its opinion about how efficiencies could be gained through procurement reform. Despite much research and many attempts, progress is still slow and inefficiency remains high.
This report is the first in ACE’s procurement series and takes a critical look at the investment process and procurement landscape in a more holistic way than previous reports/investigations. This landscape is then critically reviewed in light of company, client and individual behaviours and economic theory to try and establish where the issues relating to slow progress actually occur.
The procurement landscape as outlined covers not only the transactional process of buying but also the investment process from its inception through the client process, supply chain engagement and eventually to operation.
This first report aims to transform the language around the procurement debate to one of identifying areas for change. As such, this report suggests the next steps that should be taken into specific areas to ensure future progress is made.