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ARTICLE · 23 NOVEMBER 2023

Transforming Public Procurement - The Procurement Act 2023

Shepherd and Wedderburn
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The Procurement Act 2023 (the Act), which received Royal Assent 26 October 2023, is one of the UK government's flagship pieces of legislation following the UK's exit from the EU.

United KingdomGovernment, Public Sector
Euan Murray
Euan Murray
Colin Bathgate
Colin Bathgate
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What is The Procurement Act 2023?

The Procurement Act 2023 (the Act), which received Royal Assent 26 October 2023, is one of the UK government's flagship pieces of legislation following the UK's exit from the EU.

The Act is set to come into force in October 2024 and will impact public bodies and utilities procuring services, works, and supplies, as well as impacting organisations that tender for publicly procured contracts.

Some of the key impacts of the updated Procurement Act

Streamlining the current legislation

The aim is to create a single unified set of procurement rules. When in force, it will replace the previous regime that exists under the Public Contracts Regulations 2015, the Utilities Contracts Regulations 2016, the Concession Contracts Regulations 2016, and the Defence and Security Public Contracts Regulations 2011.

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