Identifying Contracting Authorities: A Guide for Businesses
Understanding who the contracting authorities are is crucial for businesses supplying goods or services to the public sector. Not only to stay compliant with local laws and regulations, but also for successful strategic planning, risk assessment, and tailored bidding.
In public procurement, a contracting authority refers to any public body that enters into a contract for goods, works, or services. This broad definition covers a diverse range of organisations in the public sector.
It essentially refers to any organisation that receives public funds and needs to purchase goods, services, or construction projects.
Contracting authorities are:
Affiliated with the public sector (government agencies, publicly funded organisations, or entities controlled by the government).
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Identifying contracting authorities is a crucial first step for any business seeking to work with the public sector. By understanding who these bodies are and their legal obligations, companies can better navigate the public procurement process and ensure they receive adequate compensation for late payments.
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