Introduction The rapid rise of artificial intelligence (AI) is driving change in how some businesses operate, offering new, quick and innovative ways of working. Tools such as ChatGPT are now widely used and whilst the benefits continue to gain much attention, so do the debates on its limitations. At Contracts Advance, we have seen an
A year is a long time for a business. Changes in market conditions, legislation and even governments can flip your carefully laid-out business plan in a matter of moments, leaving unprepared business owners scrambling to pick up the pieces. That’s why it’s critical to maintain a robust, adaptable business pipeline that is flexible enough to
What is the Procurement Act? The Procurement Act, which attained Royal Assent in October 2023 is set to come into force in October 2024, and looks to transform public procurement by reducing complexity, increasing flexibility and promoting transparency over public spending. In this insight paper, we delve into the key changes which will be bought
Introduction This paper explores the announcements made in the UK’s March 2023 Budget, given by Chancellor Jeremy Hunt, specifically focusing on public sector spending and any impact this may have on organisations bidding for public sector contracts. The Spring Budget begins to implement the Chancellor’s strategy to deliver long-term sustainable growth, focusing on four key
Before Contracts Advance, how were you sourcing public sector contracts/ frameworks? Switch2 have been using Contracts Advance since 2021. Prior to this we had been sourcing contracts through a range of different methods, including other tender alert platforms, frameworks, checking portals and direct approach from clients such as Local Authorities. What were your frustrations prior
Before Contracts Advance, how were you sourcing public sector contracts/ frameworks? We were using the Contracts Finder portal; we had some keywords we would use and we had to sift through the notices ourselves to find ones that were relevant. What were your frustrations prior to working this way? There was of course the worry
The purpose of this paper This insight paper focuses on Artificial Intelligence (AI) as an emerging technology and how it might impact organisations that produce bids and proposals. The paper examines the potential pros and cons of integrating AI into a bid function and the wider organisation. How long has AI existed? AI is not
Before Contracts Advance how were you sourcing public sector contracts/frameworks? Prior to having any solution in place, TTM were reliant on multiple portals and sources such as TED (Tenders Electronic Daily) with opportunities coming in via a centralised bids inbox. Back in 2015 TTM started to use a competitor and we had that subscription in
Introduction This insight paper focuses on the potential effects of changes in council leadership particularly regarding council social value priorities, and how this could impact potential suppliers when bidding for council contracts. The UK local elections are planned for 4th May 2023 where 8,000 council seats are available to candidates. Polling data and political analysis
Before Contracts Advance how were you sourcing public sector contracts/frameworks? Prior to adopting and implementing Contracts Advance’s platform, our Bid Coordinators time utilisation was taken up with managing a vast amount of procurement portals to source potential new business opportunities. Our prior process was cumbersome and time consuming, and therefore Contracts Advance’s platform has created
Introduction The purpose of this paper is to identify Public Sector spending patterns and identify factors that will help bidders to better understand the market and increase the chances of winning more contracts. Market reports and Contracts Advance data have been used to identify peaks in buying activity. These peaks can pressurise bidders, but they
Case Study – Medac Pharma LLP About Medac Pharma LLP Medac Pharma LLP specialises in product development and the treatment of diseases within the key areas of oncology, autoimmune and urology. About Lauren Barnham Lauren has worked for Medac Pharma for 10 years. She is responsible for tender management and oversees this process from