Harsh and Damaging – Commercial Bargain or Unenforceable Penalty?
The recent case of Permavent Ltd & Anor v Makin has provided additional information to contracting parties about what will constitute a penalty clause.Article
If you are familiar with sourcing tender opportunities, you’ll probably know that the Tenders Electronic Daily (OJEU/TED) service, run by the European Union, has been a key tool in searching and finding tender opportunities over the years.
However, following the UK’s exit from the EU single market and customs union on December 31st, 2020, UK tenders are no longer published on TED, and many businesses have been in touch with us to ask, “how do I find a tender opportunity now?”.
On January 1st, 2021, the UK Government launched the 'Find a Tender Service', which is a free to use service developed for publishing all high-value public sector contract notices for works exceeding the £122,976 threshold. High-value contract notices make up more than 30% of all UK tender opportunities and are crucial for the survival of small, medium, and large businesses in supply chains.
The Find a Tender Service (FTS), a key industry talking point in procurement and tendering, and is based on the existing Contracts Finder platform which publishes all contracts with a value of £10,000 or more. Both portals use a simple search and filter function, allowing you to find a tender opportunity based on stage (e.g., Prior Information Notice, Contract Notice, Subcontract Notice), industry (via CPV codes), location, value, and timeframe.
To find out more about Find a Tender Service visit our FAQ page https://bwlconsulting.co.uk/ne...
In collaboration with the active Contracts Finder, Sell2Wales, Public Contracts Scotland, eSourcing NI and eTendersNI, the Find a Tender Service tool will allow all businesses and bid professionals to identify key public sector business opportunities going forward.
To find a suitable, high-value tender opportunity using the Find a Tender service, click here: https://www.find-tender.service.gov.uk/Search
BWL Consulting offers comprehensive Professional Bid Services to support businesses with tender quality submissions; our Bid Consultants follow a unique process to understand the specification / PCI requirements, the scoring criteria and question weightings, before planning, structuring, and writing each response. For more information, click here: https://bwlconsulting.co.uk/our-expertise/professional-bid-services
If you have any questions or queries, please do not hesitate to contact us.