Latest Market Update highlights highest volume of public sector contract notices published since the start of Lockdown

Posted On: 16th November 2020

Since the COVID-19 crisis began, we have harnessed Tracker’s powerful database, business intelligence and data analysis services to do what BiP has done for the last 36 years – bring buyers and suppliers together.

At the height of the crisis, the company monitored and analysed data from Tracker weekly to make sure that buyers and suppliers were kept up to date with activity in the public sector, with a special focus on central and local government, defence, education and health.

Now that some kind of normality has resumed,  our BiP Solutions media and marketing services, Cadence Marketing, have published a monthly report, in association with Tracker to help you understand what is happening in the public sector and how our data, together with Tracker’s powerful business intelligence tools, can help you engage earlier and succeed in this marketplace.

Each report considers how the public sector marketplace is responding to the latest changes before focusing on one of our key sectors in greater detail. In our latest monthly review, we also examine health, which has been at the centre of this year’s COVID-19 crisis, while simultaneously trying to maintain the extensive services provided by the NHS and other healthcare bodies.

Key highlights include:-

  • In the month of October 2020, we published 7562 UK and Ireland contract notices. This is an increase of 941 notices (14.21%) compared with September’s 6621 and is the highest total since before the start of lockdown in March, exceeding the previous highest total 6675 contract notices published in July by 887 notices (13.29%)
  • Almost two thirds of public sector contract notices with a stated value were worth £500,000 or less and were potentially suitable for SMEs
  • NHS procurement spend is over £27 billion each year, making it one of the highest-spending areas of the public sector. In October, the stated values for health sector contracts ranged from £10 billion to £500, illustrating the opportunity available to even the smallest business
  • A return to normality following the crisis has seen an upward trend in all areas, including a 76% increase in health contract volumes between June and October

You can download your complimentary copy here

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