Procurement, Finance & Fraud Skills
Procurement, finance and fraud skills are vital for delivering efficient, accountable and resilient public services. From managing budgets to preventing fraud and driving ethical procurement, these capabilities are key across the UK public sector. We offer expert-led, practical training tailored to teams of any size - helping organisations build the skills they need to manage risk, maximise value and strengthen public trust.
PROCUREMENT, FINANCE & FRAUD
Measuring and Maximising Social Value
Demonstrate Your Organisation’s Social Value Contribution
PROCUREMENT, FINANCE & FRAUD
Understanding Subsidy Control Law
Apply and Comply with the Subsidy Control Act
POLICY & PROJECT MANAGEMENT SKILLS
A Guide to Successful Contract Management
Successfully Manage the Contract Process
PROCUREMENT, FINANCE &
FRAUD
Writing Winning Bids
PROCUREMENT, FINANCE & FRAUD
Effective Ethical Procurement
Ensure Ethical Practices in Your Organisations Procurement Processes
PROCUREMENT, FINANCE & FRAUD
Counter-Fraud Training for the Public Sector
Detect, Prevent and Tackle
Looking For Bespoke Team Training?
All of our training courses can be customised and developed specifically for your team or organisation and presented on-site at your offices, at an off-site suitable location or virtually
Enquire Here >
PROCUREMENT, FINANCE & FRAUD
Understanding IFRS 16
Gain a Practical Understanding of the New IFRS 16 Standard and the Impact to P...
PROCUREMENT, FINANCE & FRAUD
Understanding Procurement Law and Procedures
Apply and Comply with the Latest Regulations
POLICY & PROJECT MANAGEMENT SKILLS
Better Business Cases™ Foundation Level
APMG Accredited Training
PROCUREMENT, FINANCE & FRAUD
Successfully Writing Applications, Grants and Proposals
Effectively Apply and Receive Funding
PROCUREMENT, FINANCE & FRAUD
Benefits Management to Demonstrate Value and Return on Investment
Gain Buy-in for Your Projects
PROCUREMENT, FINANCE & FRAUD
A Guide to Successful Commissioning
Successfully Manage the Commissioning Process
POLICY & PROJECT MANAGEMENT SKILLS
Effective Regulation
Effectively Achieve Regulatory Objectives
POLICY & PROJECT MANAGEMENT SKILLS
Effective Stakeholder Management
Manage Relationships to Achieve Your Goals
PROCUREMENT, FINANCE & FRAUD
Effective Financial Reporting for the Public Sector
Gain a Comprehensive Practical Understanding to Producing Financial Reports
PROCUREMENT, FINANCE & FRAUD
Successful Specification Writing
Effectively Attract the Right Suppliers
Key Insights from the Cross-Government Fraud Landscape Annual Report 2023
The UK public sector continues to face significant challenges in combating fraud and error. According to the National Audit Office's (NAO) overview of the impact of fraud and error on public funds for 2023–24, estimated fraud and error in the public sector ranges between £55 billion and £81 billion annually. This underscores the need for robust fraud prevention and detection measures across public sector organisations.
Understanding Social Value in Public Sector Procurement
Social value refers to the broader benefits that public sector organisations aim to achieve through their procurement activities, encompassing social, economic, and environmental outcomes. The Procurement Act 2023 mandates that public authorities explicitly evaluate social value in their procurement processes. This legislative change aims to ensure that public spending delivers positive outcomes for communities and the environment.
The Importance of Public Sector Contracts
Public sector contracts are vital for delivering essential services and infrastructure. The procurement process involves identifying needs, researching suppliers, negotiating terms, and managing contracts. Effective procurement ensures value for money and supports the delivery of public services.
Demonstrating Return on Investment (ROI) in the Public Sector
Demonstrating ROI is crucial for showcasing the effectiveness of investments in public services. The standard formula for calculating ROI is:
ROI = (Net Profit / Cost of Investment) x 100
A positive ROI indicates that the benefits derived from an investment exceed its costs, justifying the expenditure and supporting future investment decisions.
Distinguishing Between Internal and External Fraud
Understanding the difference between internal and external fraud is essential for implementing effective fraud prevention strategies.
External Fraud: Occurs when individuals or organisations outside the public sector target public bodies.
Internal Fraud: Involves employees or insiders exploiting their position to commit fraudulent activities.
Both types of fraud require tailored prevention and detection measures to protect public resources.
Procurement, Finance & Fraud
-
Eliminate Public Sector Fraud: 5 Tips to Counter Fraud in the Public Sector
According to the Public Sector Fraud Authority, Public sector fraud and error loss is estimated to cost at least £33bn a year, having a negative impact on efficiencies and the cost of public services. -
A Procurement Professional’s Guide to Building Sustainable Procurement, the Incoming Procurement Bill and Managing Future Contracts
As we’re still in a constantly changing environment, it’s important to stay on top of the latest news and updates when it comes to procurement.
The UK Procurement Act 2023, passed in 2023, will come into effect on 24 February 2025. This landmark legislation replaces the EU-derived procurement rules and introduces a simplified, more transparent framework for public procurement. The Act is designed to streamline procurement processes, improve value for money, and increase opportunities for small and medium-sized enterprises (SMEs) and social enterprises. It also places a greater emphasis on sustainability and social value. The new rules apply to all UK contracting authorities, including central government, local councils, NHS bodies, and other public sector organisations.
Become Part of the Understanding ModernGov Community