All public bodies are faced with making an annual saving of 2.5% over the next three years and the launch of an online e-procurement service will make this more achievable. More efficient procurement is expected to make a substantial contribution to the savings target. The savings expected from local government alone is 6.45 billion pounds by the year 2007-8.The new service will allow procurement professionals from across the public sector to access innovative e-sourcing technology and related services via the Internet. The e-sourcing service includes the ‘full-life cycle’ of the tender and request for quotation process. Central department, local councils and NHS Trusts will have easy access to the OGC buying solutions Framework contracts through online catalogues. This will open up a wide range of high quality and value for money products and services. The arrangements will mean buying more quickly and easily and more cost effectively. There will also be facilities for e-evaluation, e-contract management and e-collaboration.
Because public bodies are geared to dealing with large companies and often fail to get better deals from small businesses, this new service will make it easier for the small to medium companies to compete for public sector tenders.
The service is provided by OGCbuying.solutions which is the trading arm of the Office of Government Commerce, which is itself an office of HM Treasury. The website and support services are provided by e-sourcing technology company BravoSolution SpA who have signed a four-year agreement with OGCbuying.solutions.