The way in which the public sector purchases goods, works and services will be transformed from 24 February 2025. This is the date when the Procurement Act 2023 comes into force – 16 months after receiving royal assent and four months later than its planned implementation in October.
Marking a significant departure from previous EU-derived regulations, it unifies various regimes under a single framework that oversees public contracts, utilities, concessions, and defence and security procurement.