07 February 2024

Procurement Act on the way

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. Which countries will the Procurement Act 2023 cover?

  2. According to the government, how will the legislation help SMEs and social enterprises access a larger proportion of procurement spend?

  3. When is the Procurement Act 2023 expected to come into effect?

  4. When did the existing regulations on public contracts come into force?

  5. Under the new legislation, what happens if no suitable tenders are received?

  6. What new feature of the regulations will improve efficiency in the process?

  7. Which of the following statements is true? Statement 1, under the new system, interested parties can check which contracts have been procured by a contracting authority. Statement 2, under the new system, interested parties can check which suppliers have been awarded contracts

  8. In terms of contracting authorities, which of the following is a key objective of the new regulations?

  9. Under what circumstances will contracting authorities have to set at least three key performance indicators?

  10. On what grounds could a supplier be excluded from tendering?

1 unit