Benefits of Procurement Frameworks
Using a framework can save significant time and money, whilst still delivering a service specified to local requirements, and supporting local decision making and accountability.
Benefits for LGPS Funds:
- Fast, efficient, easy to use OJEU compliant procurement frameworks that remove the need to undertake costly and time-consuming full OJEU procurement processes
- Significant reduction in procurement timescale from six-nine months to as little as 4-6 weeks
- Reduced procurement costs – slashed by up to 90%
- Flexibility in the planning and running of tender processes via mini-competition
- Robust frameworks resulting from thorough professional due diligence
- More money spent through the framework = better prices for Funds using it
- Pre-agreed terms and conditions – Funds simply ‘call off’ the framework to meet their requirements
- Ceiling prices that can be further reduced by competition at call off
- Detailed and easy to use guides, support and templates
- Additional benefits, for example allowing user groups to optimise the LGPS buying power
Benefits for providers:
- Faster Procurement process = new business known quicker!
- Greater flexibility to fit procurement processes into business requirements
- Large volumes of work can go through frameworks
- Agreed Terms and Conditions
- Standard tender documentation
- Potential for more business- access to the whole of the LGPS!
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