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Business/Financial

U.K. MoD Sole Source Contracting Reforms Could Offer Huge Savings, Officials Say

By Cal Biesecker

Wednesday, June 12th, 2013

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Hundreds of millions could be saved by the U.K. Ministry of Defense by changing the rules of sole source procurement, officials said Monday. The proposals were offered by Defense Secretary Philip Hammond, part of the government’s Better Defense Acquisition White Paper, published by the MoD. After a system review, recommendations and consultation with industry begun in 2011, MoD decided to move ahead with recommendations and create a Single Source Regulations Office. It would independently oversee a system to provide a…

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