Public Contracts Regulation (UK)

The Public Contracts Regulation (UK) is a set of rules governing how public sector organizations, like the government and local authorities, procure goods and services. It aims to ensure fairness, transparency, and competition in awarding contracts. This regulation requires public bodies to follow specific procedures when selecting suppliers, helping to prevent corruption and ensure taxpayers' money is spent wisely. It encourages businesses to compete for public contracts, which can lead to better value and quality in the services and products provided to the public.