Brexit & Procurement

Much has been said over the last few days about Brexit, following the outcome of the referendum which took place on 23rd June. Whether you voted to remain, or to leave, several companies have asked what the impact of Brexit will be on their businesses from a procurement perspective.

The bottom line is that in the short term, there will be no changes to procurement legislation. The Public Contracts Regulations (2015) will continue to apply to public sector procurement opportunities until such time as they are replaced or amended. Given the mountain of legislation that will need to be reviewed and amended in light of our departure from the European Union, I’m not convinced that the existing procurement legislation will be particularly high up on the priority list. I say that particularly since the new legislation introduced in 2015 was heavily influenced by the UK Government and reflected many of their requirements.

It may be that over time there are some tweaks and minor revisions, but for now, it is definitely business as usual, so if you want to win more tenders from the public sector, making sure your business is able to comply with the Public Contracts Regulations (2015) is still important.

If you’re still not sure and want to discuss it further, please get in touch.

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