It was announced last month that Network Rail has launched a new procurement platform designed to streamline the tendering process for SME businesses.
The new system aims to provide greater visibility of business opportunities and reduce the time it takes to award contracts.
SMEs want streamlined processes
Following a period of market research, Network Rail found that suppliers want a more efficient contracting process.
The latest changes made by the organisation mean that once suppliers register and qualify on the new Supplier Qualification System (SQS), they will no longer need to repeat the prequalification stage each time they participate in a competitive process.
Future tender opportunities
The latest changes highlight Network Rail’s work in encouraging SME suppliers to register for the SQS. Glen Combe, head of commercial for technology at Network Rail, said:
“The new SQS will streamline the procurement process by removing the need for suppliers to go through a prequalification process each time they are invited to tender. It also provides greater visibility of business opportunities and reduces the time it takes to award contracts.”
There is also further good news for businesses looking for tender opportunities with Network Rail as it is forecast that £2.2 billion will be procured by the organisation over the next ten years.
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