In Case You Missed It … Procurement and Supply Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed - we'll have more from our analysts in the coming days  ...

Spend Matters Launches Nexus - M&A Intel and Corporate Advisory

Spend Matters announced this week that it is launching a new membership, research and advisory organisation. Called Nexus it serves private equity firms, investors and corporate development by providing market intelligence, market access, expert advisory and due diligence expertise. It also serves CEOs, boards and leadership teams by offering insights covering product strategy, corporate development and business development initiatives. All members can attend invitation-only networking opportunities. Read more about Nexus here.

Kier Not To Be Investigated Under Late Payment Code

Despite a written question from the UK shadow cabinet secretary, the Cabinet Office minister Oliver Dowden has said the department "has no plans to carry out an investigation into the promptness of payment by Kier." This comes after outgoing head of finance at Kier, which is the UK’s second-largest contractor and one of the government’s biggest suppliers, admitted to the chair of the business select committee that it takes an average of 55 days to pay subcontractors on public sector jobs – despite a requirement to pay all undisputed invoices within 30 days. Kier has about half of its £4.5bn annual turnover coming from public sector work. But the Cabinet Office has said it has no plans to investigate the firm’s payment record on public sector contracts. Read the full story on Building.

US Threatens More Tariffs for EU

Amid the US-China trade war, the US government threatened to impose tariffs on $4 billion of additional EU goods, on top of the previous tariffs worth $21 billion that were announced in April. Reuters reported the US Trade Representative’s office made public the list of new products added to the tariff list, including olives, Italian cheese and Scotch. At the recent G-20 summit, the Trump administration decided not to add tariffs to products to China. Read more here.

JAGGAER Pre-Release: Take a Look Inside the Digitalisation Study

JAGGAER is launching a report early next week which brings to the fore some key insights and comparisons on where we have moved as a profession in terms of digitalisation in the procurement function, compared with two years ago. This is a study based on the complete results of the global JAGGAER digital procurement survey which reveals that while the majority of procurement professionals recognise the potential of digital procurement technologies and have taken the first steps towards digitalisation, most are struggling when it comes to taking the next step towards digital transformation. The report aims to help companies do just that. Take a look here, and watch out for our review next week.

17 Winners of the Greater Manchester Combined Authority’s AEB Tender

The providers which have won adult education budget contracts from Greater Manchester Combined Authority have been revealed. They will each share up to £25 million of the authority’s total devolved AEB, which is worth an annual £92 million from August, after winning contracts under a competitive tender that will run from August 1, 2019 to July 31, 2020, with the option to extend them annually until 31 July 2022. Read who they are here.

Now Thousands of SMEs on G-Cloud 11 – But It’s Not All Rosy

The UK government procurement framework, G-Cloud 11, now lists a substantial 4,200 potential public sector IT services suppliers, with a healthy 90+ percent of these being small and medium-size enterprises (SMEs) the Crown Commercial Services revealed this week. This is a huge leap from the 2,847 companies listed on G-Cloud 9. The public sector has procured more than £4.79 billion of cloud and digital services through G-Cloud since the framework’s launch in 2012, with £2.15 billion of that being awarded to SMEs. But there are criticisms over the system’s ease of use and robustness and Computer Business Review asks ‘thousands of SMEs – but are they getting the contracts?’ Read that here.

New Freight Plan for Britain’s No-deal Brexit

The Parliamentary Review says the UK government is calling upon freight firms to bid to provide extra freight capacity which will be used from October 31 in the event of a no-deal Brexit. Ears are still ringing from the news that the initial ferry procurement process, hastily conducted in the run-up to the initial Brexit deadline of March 29, has cost the taxpayer in excess of £85 million, some of which in settlement fees to Eurotunnel for not being invited to bid. The government has said that it is not obliged to reserve or buy any freight capacity through the framework, but has the flexibility if it chooses to do so. Read more here.

 

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.