Review into single-source military equipment contracts published
10 Oct 2011 03:29 PM
A review of single-source military equipment contracts has found that the Government could potentially save hundreds of millions of pounds by introducing new rules for industry the MOD announced today.
Lord (David) Currie of Marylebone chaired the review of single-source procurement, which is currently subject to 'Yellow Book' rules - where only one defence supplier is invited to tender. Single-source contracts currently account for 40 per cent of all MOD procurement and in-service support of equipment.
The Department is today launching a public consultation on how to take forward the findings of the review, which examines the UK's existing framework for pricing single-source contracts and considers whether, in future, costs can be cut and efficiency increased while making UK industry more competitive on the world market.
Full article, photos and related links