£2.1Bn in Services contracts set to expire in the next 12 months
For example, Tussell has identified 320 IT Services contracts with an aggregate value of £584M that expire in the next 12 months. This indicator of future contract opportunities can help suppliers to get ahead of the curve.
The Government awarded £928M to its Strategic Suppliers in January 2017 – mostly to G4S and BAE Systems
The government awarded contracts worth £928M to its Strategic Suppliers in January 2017 – with G4S and BAE Systems as the biggest beneficiaries.
Growth in award value to SMEs and VCSEs outstrips Strategic Suppliers
In March - December 2016 the value of contracts awarded to SMEs grew by 74% year on year and award value to VCSEs* grew by 59%. This significantly outstrips the 5% growth in the value of contracts awarded to the government’s Strategic Suppliers - which means that they are losing market share (*VCSEs are voluntary, community and social enterprise companies).
In seven out of the eight months since Brexit, tender value has been higher than the prior year
In February there were 2,123 published tenders with an aggregate value of £24Bn. The volume of tenders was 13% higher than the same month last year and the value of tenders was 3% higher. In seven out of the eight months since Brexit, tender value has been higher than the prior year.
Construction tenders increase to 58% of total tender value
£14Bn of Construction Sector tenders were published in February, accounting for 58% of total tender value. Construction Sector tenders have driven the increase in overall tender value over the last six months.
Award value surges 18% in January
In January the value of awards was up 18% over the same month last year, in spite of award volume that slipped 27%. Award volume has declined steadily since August 2016.
