PLANS announced by government to make it easier for smaller firms to win public sector contracts have been welcomed by a Fenland accountancy firm.
In future, there will be a target of 25 per cent of contracts going to small and medium-sized businesses, aided by a more open procurement system and a reduction in the use of ‘preferred bidders’
The news has been welcomed by Moore Thompson chartered accountants, which has an office in Wisbech as well as Spalding and Market Deeping.
Mark Hildred, of Moore Thompson, said: “Individual government departments will be required to publish their procurement contracts in future, together with details of how many of them were awarded to SMEs.
“In addition, the government is pledging to pay most ‘primary’ contractors within five days and ensure firms further up the supply chain receive payment within 30 days.”
The measures have been welcomed by the Forum of Private Business (FPB), which said they would help small firms to generate jobs and growth in the economy.
For more information, contact Moore Thompson in Wisbech on 01945 465767, in Spalding on 01775 711333 or in Market Deeping on 01778 380850. Alternatively, visit www.moorethompson.co.uk
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