Hot Topics Flashcards
What is the Procurement Act?
The Procurement Act 2023 is a UK law that regulates public procurement by contracting authorities. It aims to make the procurement process quicker, simpler, more transparent, and better able to meet the UK’s needs
What did the Procurement Act come into force?
Came into force February 2025
What are some key points of the procurement act?
Value for Money: The Act emphasizes getting the best value for public money, ensuring that every pound spent benefits communities and public services.
Transparency and Integrity: It introduces measures to enhance transparency and integrity in the procurement process, including the exclusion of suppliers involved in modern slavery practices.
Simplification: The Act consolidates over 350 different procurement regulations into a single regime, making it easier to navigate.
Digital Platform: A central digital platform will be created for suppliers to register and bid for contracts, accelerating spending with small businesses and social enterprises.
What is the National procurement policy statement?
The National Procurement Policy Statement (NPPS) sets out the strategic priorities for public procurement in the UK and guides contracting authorities on how to support these priorities
What are some key aspects of the National Procurement Policy Statement?
Strategic Priorities: The NPPS outlines objectives such as achieving value for money, promoting economic growth, enhancing social value, and ensuring environmental sustainability.
Statutory Duty: Contracting authorities are required to have regard to the NPPS when carrying out procurements, ensuring their decisions align with the policy objectives.
Implementation: The NPPS came into effect on 24 February 2025, alongside the Procurement Act 2023.
Scope: It applies to most contracting authorities, with some exceptions such as private utilities and certain devolved authorities.
What is the building safety act?
The Building Safety Act 2022 is a UK law designed to improve building safety and protect residents and homeowners from the risks and costs associated with building safety defects.
Outline some key points surrounding the building safety act?
New Regulatory Bodies: The Act establishes three new bodies: the Building Safety Regulator, the National Regulator of Construction Products, and the New Homes Ombudsman
Higher-Risk Buildings: It introduces a new regulatory regime for higher-risk buildings, focusing on their safety and performance
Leaseholder Protections: The Act provides far-reaching protections for qualifying leaseholders from the costs of remediating historical building safety defects
Accountability: It includes measures to hold those responsible for building safety defects accountable
Competence and Oversight: The Act promotes competence and organizational capability within the building sector
What are some changes made in the JCT Suite 2024 update?
- More inclusive language
- Emphasises collaborative working
- Target Cost Contract
- EoT decision reduced to 8 weeks (think it was 12 before) ++ (plus new relevant events)
