So, you want to get started with defence procurement. Businesses of all sizes, in all sectors, no matter what they do or where they do it, can win defence contracts.
If you are the owner of a small business and want to win defence contracts with the MOD, you will find all the information you need on the DCO website.
What Are Defence Contracts?
Before you start bidding for defence contracts you must understand how the public-sector procurement world works. For a start, ‘defence contracts’ cover far more than weapons, aircraft and the like.
Defence procurement teams buy a wide variety of products and services ranging from clothing to satellite communication systems, from construction of buildings to provision of staff. This means that there is most likely scope for your business to work with the MOD in some capacity.
These defence contracts are worth bidding for if you are a small or medium-sized business. The MOD wants to work with SMEs as they have the added advantage of being able to combine innovative thinking with an agile and flexible approach, making the procurement process more transparent, simpler and faster. In addition, the MOD has made a commitment that 25% of procurement spend will be with SMEs by 2020.
How Much Is Spent On Defence Procurement?
Did you know that the MOD spend approximately £19.6 billion with third parties on a wide range of products and services? This amounts to 40-45% of total Government spend with third parties. The UK Government remains one of only five NATO member states to meet the alliance’s goal of spending 2% of GDP on defence annually.
For your business to succeed, you must understand how public procurement works and how to equip your business for success. Signing up to DCO means that you will have access to free MOD webinars that will give you a deeper insight into defence procurement. For more details about these and other benefits of DCO, download our information pack.
UK SMEs Win Business Overseas
Just because you are part of a smaller business does not mean that you cannot think big. The UK government wants to promote overseas business to SMEs. Why? Winning business overseas helps to build and sustain economic growth within the UK, something that benefits us all.
If you want to drive your small business forward, you must seek lucrative deals. These deals are available; however, you must know where to look. Using DCO you can access MOD tenders and overseas defence-related contracts.
Start Winning MOD Contracts
Understanding defence procurement is just the first step. Finding opportunities that suit the capacities of your business is often the hard part.
When you register for DCO, you will receive daily MOD contract alerts, this means that you will never miss opportunities that fit your business profile. Small businesses can access MOD contracts that are worth £10,000 and over!
If you are interested in winning defence contracts, you can register for free today.