A new era for procurement
Northern Ireland central and local government spends around £3 billion per year on procurement, of which £2.7 billion is spent by government departments and their arm’s length bodies. Many of Northern Ireland’s private sector organisations also spend significant amounts in the local economy. Procurement is an important area of the economy facing opportunities and challenges going forward — which must be considered for future strategies.
The legislative framework surrounding procurement has changed significantly in recent times with the implementation of several EU Directives. Brexit now threatens to change the procurement landscape in the long-term, affecting how organisations will approach procurement in the future. Procurement practitioners need to keep up to date with latest developments in rules and regulations.