What is a procurement framework?
A procurement framework (or public sector framework), more commonly known as a Framework Agreement, is an arrangement where the buyer selects suppliers and sets terms and prices for a period in advance (often as much as 4 years in the future), and then calls on the suppliers to deliver the specification when required. A full tender process is needed for suppliers to gain a place on a Framework.
Although there is never a guarantee of work even if you are part of a Framework Agreement, being awarded a place on a public sector framework is a sign to others that your business is a key player in the industry.
Benefits of Procurement Frameworks
Over time, public sector frameworks can deliver many benefits:
- Reducing overall procurement costs and internal resources
- The building of long term relationships between buyers and suppliers
- Better long term value for both buyers and suppliers
- Solutions that satisfy customers
- Capture of knowledge and best practice
- Ability to commence projects early on the basis of limited information
- Alignment of procurement practice with government efficiency agendas and expectations of auditing bodies
How Tracker can help
Gaining a competitive advantage in public sector procurement starts with having access to the right intelligence, and Tracker can give your organisation instant access to relevant public sector framework opportunities to help you win more public sector business.
In 2016, over a million contracts, awards and tender opportunities were published on Tracker for the public sector, and opportunities are continuing at an encouraging rate.
Tracker makes it easy for you to identify public and private sector opportunities as well as providing access to meaningful market and industry news and the vital insight you need to keep your business one step ahead of the competition.
Using Tracker you can easily access opportunity documents, upload and work on winning responses, track progress and collaborate – all at the click of a button.
Tracker is the only end-to-end business development solution with the unique intelligence you need to find, bid for and win more business.