Magazine article Public Finance

Joint Buying Has Saved Public Sector £650M

Magazine article Public Finance

Joint Buying Has Saved Public Sector £650M

Article excerpt

Collaborative procurement saved £650m last year, according to the Office of Government Commerce, which said greater effort would be made to achieve better value from spending in the wider public sector.

In its annual report, the OGC, an independent office of the Treasury, outlined how it will pursue the 2007 Transforming Government Procurement initiative.

Exchequer secretary Angela Eagle said: 'With major construction projects on the horizon, getting public sector procurement right has never been more important. That also means using our spending power in delivering better value in improved procurement approaches across the social and environmental arena.'

The OGC's report, published on October 31, also reported on efforts to reduce the government estate. It said that requiring departments to justify their use of property in London and the Southeast had saved £67m in rent.

The target to relocate 20,000 civil service posts outside of this region was also on track, with 1 5,700 moved by the end of December 2007 and 'relocations happening every month'. …

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