Good news for small businesses looking to win public sector contracts.
According to Cabinet Office minister Francis Maude they could benefit from the government’s move to publish details of expenditure on public sector contracts.
New contractors looking online will [now]be able to see deals and say ‘we can do that for half the price of what is being charged.'” The system will open up more government contracts to small businesses, he says.
Although issues around red tape and EU regulations, remain a concern for many SMEs – despite government promises to simplify the process – this could create a great opportunity for enterprising businesses prepared to sift through government data.
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