Interesting to see Lord Digby Jones, former head of the CBI, calling on the government to
change its procurement strategy and use "best value" rather than" best price" as the yardstick for contracts.
Although we might quibble over what constitutes "best value", his sentiments are laudable, so laudable in fact that I wonder if he might also call on members of the CBI and other business bodies to follow the same yardstick in their procurement strategy.
Lord Digby Jones obviously believes a shift to "best value" will help UK companies to win tenders to supply goods and services to central and local government. One would hope that if they do so well set against the "best value" yardstick that the very least UK-based businesses could do would be to apply the same principles further down the supply chain when it comes to their tenders for goods and services.
Creating such a virtuous chain of value would surely serve to reinforce the credentials of "best value" as a bedrock for tenders and contracts all the way up and down the supply chain.