The Procurement Act 2023 is here—are you prepared? This short video offers a clear overview of what the new legislation means for anyone involved in public procurement. It covers key contract thresholds, outlines the six core principles of the Act—Value for Money, Public Benefit, Transparency, Integrity, Fairness, and SME Accessibility—and explains the procedures to follow for both simple and complex tenders. Whether you’re new to procurement or looking to refresh your knowledge, this guide is a great place to start.
Find out how TIAA can help further – Ensuring Compliance with the Procurement Act: How TIAA Can Help