A procurement contract introduced by Futures Housing Group that makes it easier for small businesses to win big contracts recently won further admirers at a national conference.
The Framework Alliance Contract (FAC-1), which Futures became the first organisation in the world to adopt, is designed to help SME (small and medium) businesses work in partnership and access public contracts.
Futures’ Procurement & Contracts Manager, John Thornhill, was invited to speak at the 2016 Alliance Steering Group (ASG) Annual Conference in London on Monday 24 October to showcase the framework’s success and explain how local businesses have benefited since it was first introduced in August.
Appearing alongside Professor David Mosey PhD of King’s College London, who authored the framework, and Chris Paul, a partner at Trowers & Hamlins LLP, John also fielded questions from professionals from across the housing, construction and procurement sectors.
In total 23 businesses, including 21 SME companies, have been awarded places on Futures’ framework to cover contracts with a total value of over £30m that include heating, kitchen and bathroom installation. These companies will compete and work together to win contracts to help improve the 9,000 plus properties owned by the housing association.
Since the new framework launched on 1 August, early indications suggest it will provide significant savings in comparison to its predecessor. So far these savings have been just over 9%. This will considerably help Futures meet its intention to be more efficient while also offering an improved service for customers and helping to boost the local economy.
John Thornhill said: “We are very proud to have been the first organisation to introduce the FAC-1 Framework Alliance Contract and have already seen the benefits. Engaging smaller businesses with public contracts has always been difficult but this new framework takes away much of the bureaucracy and has enabled us to better engage with SMEs and the market.
“It was a great privilege to speak alongside Professor Mosey at the ASG Conference and to showcase how Futures has led the way with this pioneering approach. As an organisation, Futures punches above its weight in many ways and this new approach represents great innovation and a vision of how our procurement will be carried out in the future.”
Pictured above (left to right): Shane Hughes, Director at Savills UK; John Thornhill, Procurement & Contracts Manager at Futures Housing Group and Professor David Mosey PhD of King’s College London with the first ever FAC-1 Framework Alliance contract.
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Procurement & Contracts Manager
Futures Housing Group
Asher Lane, Ripley
0845 094 8346