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What Is a Small and Medium-Sized Enterprise (SME)?
A smaller business that the Procurement Act 2023 actively tries to bring into public markets, with buyers required to consider removing barriers.
What must buyers do for SMEs?
Have regard to the particular barriers SMEs face and consider whether these can be removed or reduced, for example through lotting or proportionate requirements.
How can SMEs compete for larger contracts?
By bidding for individual lots, forming a consortium, relying on associated persons or working as a subcontractor.
What other protections help SMEs?
Implied 30-day payment terms that flow down the supply chain, and limits on disproportionate conditions of participation.
