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At around £290 billion every year, public sector procurement accounts for around a third of all public expenditure in the UK. [1] EU-based laws continue to apply to government procurement: procurement is governed by the Public Contracts Regulations 2015, Part 3 of the Small Business, Enterprise and Employment Act 2015, [2] and (in Scotland) the Public Contracts (Scotland) Regulations of 2015 ...
The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK based organisation for accountants who work in the public sector, accounting firms and other professional bodies where management of public funds are required. CIPFA is the only UK professional accountancy organisation who is dedicated to public financial management.
The National Audit Office (NAO) said £10.5 billion of the overall £18 billion spent on pandemic-related contracts (58 per cent) was awarded directly to suppliers without competitive tender, with PPE accounting for 80 per cent of the contracts. [18] The UK government was competing with governments worldwide and, to satisfy the unprecedented ...
Corporate governance in the UK mediates the rights and duties among shareholders, employees, creditors and directors. Since the board of directors habitually possesses the power to manage the business under a company constitution, a central theme is what mechanisms exist to ensure directors' accountability.
G-Cloud had several calls for contract to establish framework agreements.. Major US vendors Amazon Web Services (AWS) and Google were initially excluded by the UK government in 2012 (G-Cloud 3) [21] but AWS has since been added in 2013 (G-Cloud 4) [22] and Google in 2018.
Office of Government Commerce Logo 1 Horse Guards Road, Office's Headquarters. The Office of Government Commerce (OGC) was a UK Government Office established as part of HM Treasury in 2000. It was moved into the Efficiency and Reform Group of the Cabinet Office in 2010, before being closed in 2011. [1]
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UK Government Investments (UKGI) is a company owned by the Government of the United Kingdom which combines the former functions of the Shareholder Executive and UK Financial Investments. The company was incorporated in 2015 and is based in London.