A Great Time For Smes To Bid For Government Contracts
The UK government has stated its intentions to ensure that 25% of government contracts are awarded to small and medium-sized enterprises
. If you are an SME owner or manager, now is the time to put yourselves forward for government contracts.
The UK Coalition Government is creating a lot of new opportunities and projects, resulting in more government tenders. Recent figures on the size of government expenditure in these projects are estimated at a massive 7.6bn. Local level public bodies would also have their own substantial budgets. It is clear that small and medium-sized enterprises will get a great opportunity to grow their business by gaining access to government tenders.
As a result of the recent Localism Bill, local government bodies across the UK have to ensure that 25% of their business goes to SMEs. Government is eager to give SMEs a chance to get on an equal footing with larger firms. It is finding new ways to allow SMEs to connect with the government and use these connections to find out more about upcoming tenders and tendering opportunities. The truth remains that public bodies and local authorities are all set to take on board businesses that come forward with the most innovative business or service ideas. The public procurement process has turned over a new leaf and so has the governments attitude towards giving business to SMEs.
The previous tendering process for the government was lengthy, complicated and expensive to undertake. Some years ago, government tenders in the UK were so highly priced that they overtook most EU nations. Such high-value contracts were of no use to SMEs and they usually backed away from the public procurement process.
Now that the government has opened its doors to SMEs, it is up to you to make the most of it. Supply contracts is one of the most reliable contract finders tools out there which can help you keep track of new and upcoming public tendering opportunities. These tools are designed to send the subscriber daily alerts about relevant tenders as well as all other announcements.
The key to succeeding in public procurement is to put your best foot forward and play to your strengths. Convince the public body that you have the skills, experience, resources and determination needed to successfully complete their project in an innovative manner.