Public sector, private sector, tertiary sector…just what does it all mean and why should it matter to me?
You may think that it doesn’t matter, but it’s actually pretty important to understand the difference because they can be intrinsically dissimilar in structure, operation and process. When approaching a public sector tender application there are specifics that will be required.
There may be more decision makers in the signing off process for purchases in the public sector. Stringent management reporting may be required, as will timescales for delivery and standards compliance. The main key is to be prepared.
Now, to get you interested in reading on I think it’s pertinent to confirm that the public sector will typically spend over £230 billion on purchasing goods, services and works every single year. A bit of a shock, right? Yes it can be for many businesses and what’s even better news for you is that this figure will generally increase year on year. A whopping 25% of government expenditure is aimed at small and medium sized businesses – worth thinking about if you want to grow your business!
The public sector encompasses approximately 26,000 organisations, with schools ranking the most at around 24,000. But think about the extent of goods required for an effective operation, goods that can range from the miniscule paperclip to huge building rentals. Your business will fit into the equation somewhere.
The public sector spans across the following, which is by no means restrictive:
- Department for Business, Innovation & Skills
- Department for Work and Pensions
- Her Majesty’s Revenue & Customs
- Department for Transport
- National Health Service
- Further Education establishments
- Ministry of Defence
- Social Housing
- Emergency Services
- Non-departmental public bodies
Here’s a second fact to keep you reading on. On average, 600 new tenders are published in the UK every single week. And it’s great news if you are set up for European exports because that will widen your scope to a further 1600 opportunities.
Still think you couldn’t work within the public sector?
Well, what if I told you that for all contracts with a value of less than £100,000 (apart from security focused) there is no Pre-Qualification Questionnaire (PQQ) to complete? They just keep making it easier for you!
If you want to find out more, get in touch to see how tenders can help you to grow your business.