UU delivers its first Dynamic Market

Our Commercial team recently awarded its Management Consultancy Dynamic Market.

A Dynamic Market is a procurement route that supports quick and flexible engagement with the Supply Chain. It introduces a list of pre-qualified suppliers, approved to provide a specific range of goods, services, or works. For Management Consultancy, this includes scope across Business Strategy, Change & Transformation, Environmental & Sustainability, HR, Finance, Technical and lots more.

This provides a compliant route to market in a space where we've historically seen lots of uncontrolled and ad hoc spend. Not only will this create compliance, but it will also help to increase competition, work at pace, and drive value for money – ensuring we spend customers’ money wisely. This Dynamic Market remains open for new suppliers to join at any time, subject to meeting the minimum criteria to be successful, which means greater access to innovation and a broad pool of suppliers.

The benefits include:

Pre-approved Suppliers – already assessed and qualified on the respective lots they bid for.

Open to new Suppliers - at any time during the term of the agreement we can receive new bids from Suppliers who wish to join the Dynamic Market.

Wide applicability – we can procure a diverse set of consultancy and consultancy related services, which is our most flexible arrangement.

Innovation and Responsiveness – This is a continually evolving arrangement, whereby new suppliers can bring their innovations and solutions to UU.

Competition – All awards are made via competitive exercise with successful suppliers.

This ensures competitive tension is created, value for money is achieved, and can be achieved quicker than full regulated procurement activity.