The UK’s Procurement Act 2023 is the biggest shake-up of public procurement rules in a generation. Replacing the EU-based regime, it promises increased transparency, improved supplier performance, and greater flexibility in how public funds are spent.

But for procurement professionals & in-house legals, these changes also bring more responsibilities, tighter deadlines, and higher stakes. Especially for those managing high-value or high-risk contracts.

Let’s unpack what’s changing and how Contractify can help your team stay compliant, efficient, and in control.

A new procurement landscape: simplified, but stricter

The Procurement Act is designed to streamline procurement in the UK, but it also introduces stricter rules around contract management, supplier performance, and transparency.

Here are some of the most relevant changes for legal, contract and procurement professionals ⬇️

1. KPIs are now mandatory for large contracts
For any public contract over £5 million, authorities must set at least three Key Performance Indicators (KPIs) and publish performance updates throughout the contract's lifecycle.

⚠️ Poor supplier performance must be flagged and publicly reported, and repeat failures can get suppliers excluded from future tenders.

2. Contract modifications must be published
Want to change the terms of a contract? You’ll now need to publish a Contract Change Notice and, in some cases, observe an 8-day standstill period before proceeding.

3. More notices, more often
From contract awards to terminations, performance ratings to exclusions, public sector buyers must now publish a broader range of notices and maintain a clear audit trail.

4. Debarment and exclusion powers are growing
A supplier can now be excluded or blacklisted based on misconduct, performance issues, or certain regulatory breaches, raising the stakes for compliance and supplier monitoring.

The challenge: keeping up with performance and publication requirements

For public procurement teams, legal teams and suppliers hoping to stay in the game, this means:

• Tracking contract KPIs and supplier performance in real time
• Publishing the right notices at the right time
• Maintaining full auditability of every action, amendment, and rating
• Avoiding procedural missteps that could lead to legal challenges

In short: contract management is no longer just admin, it’s a compliance-critical function.

How Contractify helps procurement teams stay compliant and in control

At Contractify, we believe that contract management should be a no-brainer, especially when legal and reputational risks are on the line. Here's how our platform helps you meet the requirements of the Procurement Act 2023, without added stress.

✅ Automate KPI tracking and performance ratings
Track KPIs per contract by making sure all contracts are centralized in one secure place, where any contract can be found instantly. Contractify makes it easy to assign owners, get automated performance reminders, and record updates that can be published or audited at any time.

✅ Track standstill periods and modifications
Contractify's contract management software allows you to track important dates, like the 8-working-day standstill period before contract changes, and alerts you if action is needed.

✅ Maintain audit trails and compliance logs
Every action, change, and KPI rating can be logged, so your team is always prepared for internal reviews or legal scrutiny.

✅ Flag risks before they become liabilities
Performance dropping? Supplier at risk of exclusion? Surface risks early in Contractify with smart notifications and alerts to the right stakeholders, so your team can act before issues escalate.

Turning legal obligations into a strategic advantage

The Procurement Act 2023 puts contract performance in the spotlight, and with it, the tools you use to manage contracts become more significant than ever.

With Contractify, you don’t just stay compliant, you also:

• Reduce administrative workload
• Collaborate more effectively across departments
• Improve supplier accountability
• Stay ahead of reputational and legal risks

Want to make sure you crossed all your t's? 👀

Verify your compliance with the Procurement Act 2023 using this straightforward checklist. Whether you're a public sector buyer or a supplier navigating the new rules, Contractify's here to make your contract management easier, smarter, and fully compliant.

⬇️ Get your free checklist below