It is important that the Executive gets value for money through efficient procurement. Procurement structures and processes are in place to ensure this is achieved. The Procurement Board, chaired by the Minister of Finance & Personnel, will continue to refine public procurement policies and processes, including opportunities to increase access to opportunities for small and medium sized enterprises and maximise the economic and social benefits for the local community, whilst taking account of the principles governing public procurement.
The Procurement Board will take forward specific actions to improve policy and processes around framework agreements and contracts, opportunities to bid and tendering and delivery. It will also explore the potential added value of setting targets for achieving further efficiencies from public procurement, to include a monetary value and baseline for savings. The Procurement Board will also review the lessons learned from recent challenges to procurement decisions and consider how to improve processes.