The new Procurement Policy Note is here – but is it helping or hindering your business?
10 things companies bidding for public contracts need to know
Do you know what the Procurement Policy Note (PPN) 06/20 is and what it means for your company’s future bids in the public sector?
The Procurement Policy Note 06/20 is an enhancement to the Social Value Act that came into effect in 2012. It requires companies of all sizes bidding for public contracts to evaluate and demonstrate their social value.
This can be a huge opportunity for your company to stand out from the competition. On the other hand, when not leveraged properly, it can be a threat that keeps you from winning bids.
Download our guide, and we’ll show you step by step what to do to make sure your company is at the forefront for public tenders.
10 things companies bidding for public contracts need to know
New Procurement Policy Note – a challenge or an opportunity?
- The new Social Value Act Enhancement is a mandatory requirement for all companies bidding for public contracts – it concerns businesses of all sizes in all industries.
- Social Value has a lot of weight in the selection process: it forms a new score of 10-30% in the evaluation criteria for tender bids.
- Corporate policy won’t be enough anymore. You must be able to evidence the social, economic and environmental benefits for the entire life cycle of the contract.
- Without clear impact and evidence of it, companies might not only lose tenders and also lose contracts they’ve already won.
- The competition has increased, so it is more important than ever to stand out from the crowd.
- SMEs and social enterprises have a big advantage: the cheapest bid won’t be the best , anymore. What is more attractive is a company that can demonstrate a high-quality delivery of a contract that delivers social value.