Poor record-keeping means the government is unable to demonstrate value for money across billions of taxpayer pounds of public procurement, the Public Accounts Committee has said.
The MPs have found “significant issues with the quality and completeness of data on contracts” related to the £259bn government bodies spent procuring goods and services in 2021-22, according to a report published today.
A lack of data on contracts being awarded is making it harder for government to solve procurement issues, capitalise on value-for-money benefits and evaluate the functioning of competitive, innovative, and open markets, PAC said. More effective use of competition in public procurement could save the public purse between £4bn and £7.7bn, according to the report.
Source: Public Technology
Date: 4 January