- Evaluating the top 25 public sector tenders from the above time range, the most common value band for opportunities lies in the £1m – £10m range, which represents 208% of the total opportunities, however many contracts fell into the £100m – £1500m range for a following month, maintaining a proportion of 32% of the opportunities
- Like the previous month, following months of decreasing or flat totals (when compared to pre-covid procurement), public sector organisations are feeling more confident with their chequebooks, reaffirming signs of recovery from the pandemic, spending a total of £4.32bn across the top 25 tenders, representing a small dip from the previous figure of £4.66bn
- The average contract value has fallen slightly (£7m), maintaining a high monthly average of around £170m across the top 25 tenders, including high-value tenders such as vehicle leasing services, the procurement of mobile goods and services, and a new transportation-based technology framework
- National Highways was the biggest spender across the top 25 tenders this month, representing the Information Technology Commercial Framework opportunity, which aims to support the delivery of National Highways’ Road Investment Strategy 2 technology pipeline, worth £1bn
Content from our partners
