Overview of the Procurement Act 2023
The Procurement Act 2023 establishes a consolidated public procurement regime across the UK. It replaces former regulations (PCR 2015, UCR 2016) with a focus on value for money, public benefit, transparency, and integrity.
Key statutory changes
| Area | Previous regime (PCR 2015) | Procurement Act 2023 |
|---|---|---|
| Award Principle | Most Economically Advantageous Tender (MEAT) | Most Advantageous Tender (MAT), with greater emphasis on social value & environmental benefit. |
| Transparency | Contract Award Notices | Mandatory central digital platform notices across planning, pipeline, tender, award, and contract performance. |
| KPI Publication | Internal management only | Mandatory public reporting on top 3 contract KPIs for contracts exceeding £5m. |
| Debrief Letters | Unstandardised summary letters | Assessment Summaries provided to all tenderers before standstill period begins. |
How Velstrian Tenderworks ensures readiness
- Transparent Audit Trails: Every scoring decision, evaluation note, and narrative revision is logged with immutable timestamps.
- Evidence Traceability: Supplier claims must be linked to verifiable source documents, satisfying the increased transparency requirements.
- Standardised Assessment Summaries: Public sector evaluators can generate compliant assessment breakdowns directly from the moderation matrix.