Procurement simply refers to the buying of goods services or constructions by organisations in the public or private sector, therefore procurement law is a law regulating the coming and going of goods, essentially keeping track of what public sectors are buying and selling.
Procurement Law
The purpose of the law was initially used to prevent “buy national” products and promote free movements of goods and services, consequently encouraging the EU’s public procurement market to open up to the competition.
However, given the nature of Brexit the effect on procurement law might be different if we leave the EU with a deal. Although, the EU procurement directives have been made UK law by statutes and will continue to apply by default after the end of the transition period in December 2020. This gives the UK the freedom to alter the regulations and predicting the long term effect on public procurement proves to be tricky.
How We Can Help
At Ackroyd Legal our team of commercially astute procurement professionals are on hand to offer advice to both buyers and bidders on how best to interpret the law and deal with the result of Brexit on their ability to move within the market. Ackroyd Legal solicitors are dedicated to making sure contracting parties and tenders are aware of their rights and the tender process.