25 June 2018

  |  CBI Press Team

Press release

Businesses welcome focus on long-term value, not just costs

The CBI has responded to a speech on improving public services by Cabinet Office Minister David Lidington. 

Businesses welcome focus on long-term value, not just costs

Responding to Cabinet Office Minister David Lidington's speech, which was delivered at the Reform think tank, Matthew Fell, CBI Chief UK Policy Director, said:

“The collapse of Carillion was a warning of the dangers of short-termism in public contracts. It’s therefore important industry and government learn the right lessons, putting their partnerships on a more sustainable footing to protect public service delivery and people’s jobs.

“With public services and infrastructure under growing pressure, it’s vital for the government to draw investment and innovation from a healthy, competitive and dynamic marketplace of suppliers of all sizes. 

“So businesses will welcome a change of focus to long-term value rather than short-term costs in procurement, and its intention to reduce complexity and cost involved in bidding to allow more SMEs to compete for work.”