Tag: procurement
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Construction’s Hidden Profit Center: How Procurement Can Transform the Bottom Line
The construction industry is at a critical juncture, with increasing pressures to build faster, to meet sustainability goals while also improving profitability. Historically, construction has lagged far behind other industries in adopting technological innovations, and inefficient procurement processes have often led to cost overruns, project delays, and massive material waste. However, a shift toward modern…
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Social value requirement for public sector contracts comes into force
“Over £385bn was spent on public procurement in 2022 to 2023, making up almost a third of all public spending,” said CLC in the foreword to its guidance. “The Procurement Act 2023 enables a new approach – simplifying structures and providing more flexibility to those designing procurements. View the original article and our Inspiration here
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James Beckett Joins Peak Group as SVP, Supply Chain & Procurement
The Peak Group of Companies is pleased to announce that James Beckett, a dynamic executive with extensive experience in leading executive teams, merchandising and marketing strategy, planning, product development, private brands, global procurement, and inventory management, for several multi-billion–dollar retailers, will join Peak as Senior Vice President, Supply Chain & Global Procurement, effective March 3,…
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Winners named for £800m Pagabo public sector framework
Several FM arms of tier 1 contractors are among the 27 companies appointed to a new public sector framework. The Total Facilities Management Framework has an estimated value of £814m and will run until January 2029 across eight UK areas. It will be managed by procurement provider Pagabo on behalf of contracting authority Red Kite…
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AI-Powered Construction Material Procurement App Raises $4.65M
Field Materials says it is the world’s first material-purchasing software powered by AI. The startup has now raised a $4.65 million seed round. Founders Eldar Sadikov and Victor Gane are Stanford-educated serial entrepreneurs. They sold their previous company to PayPal in 2018 and have backgrounds in AI, payments, e-commerce, and construction. Blumberg Capital leads the…