For any business looking to win Ministry of Defence (MOD) tenders there are a range of options available to find and win MOD Tenders with DCI and the opportunity in the sector is growing.
The UK MOD spends up to £20 billion on the procurement of goods and services with industry each year. This equates to 45% of overall central government spend, making the MOD the single biggest spending customer in the UK.
The latest statistics published by Department for International Trade Defence & Security Organisation shows that £24.1bn was paid by MOD Core Department to UK and foreign owned organisations in 2016/17.
The MOD’s forward equipment plan, launched in 2013 and updated annually, outlines a planned spend of £178 billion over the next ten-year period for new equipment, data systems and equipment support. This plan supports and ensures that suppliers including SME’s win MOD tenders and can bid competitively in the defence procurement process.
The MOD has a wide-ranging demand on suppliers for goods and services. As the UK’s largest buyer and a body that spends up to 3% of UK GDP the UK MOD is a wealth of opportunity for SME’s to Win MOD Tenders.
The MOD recognises the huge value and specialist niche capabilities that Small and Medium-sized Enterprises (SMEs) and including university spin-offs can bring to defence and security; and with efforts co-ordinated by the Cabinet Office, the MOD has committed to increase its direct and indirect spend with SMEs to at least 33% by 2020.
Therefore, bidding for MOD tenders and winning contracts will secure your business growth in the long term.
Understand the procurement rules, thresholds and policy in the defence sector with our free information pack which includes a free copy of the Defence Contracts Bulletin listing recently published MOD Tenders.
Included in the free pack is key supplier contact and engagement information. Get the key contacts that help unlock doors and break down barriers to doing business with the Ministry of Defence.Request a Free Information Pack
In the 2016/17 Financial Year, the MOD bought goods and services worth £707 million from 4,900 different SMEs suppliers. That’s an average of £144,285 per SME!
MOD tenders are lucrative to your business and the UK MOD is actively encouraging businesses like yours to bid for and win their contracts. This is in conjunction with the UK Governments aspiration that 33 per cent of public expenditure is placed with SME’s before the end of the current parliament.
Remember, UK MOD tenders are not limited to traditional military materiel, such as ammo and vehicles, but extend to cover a vast range of goods and services in sectors such as ICT, research and development, manufacturing and blue light services.
Our MOD backed Ministry of Defence Guide to Defence & Security – Key trends and contacts 2018 is an essential and recommended resource for existing and prospective Defence suppliers looking to Win MOD Tenders heading into 2018. The publication highlights key trends in spend across the defence sector, An in depth look at the MOD agenda for 2018 in addition to key contacts for your business.