In the UK, there's a growing trend of private companies taking over the care of elderly and vulnerable people. Last year, the value of contracts given to private suppliers in this sector went up by 5%, and the number of contracts more than doubled.
For example, in 2018, public authorities in the UK awarded healthcare contracts worth over £8 billion. Although most of this money went to a few big suppliers who got three contracts worth over £1.2 billion for medicine and care, small and medium-sized businesses still got nearly £7 billion worth of contracts.
The trend is clear: there's a small increase in the total value of contracts, but a big increase in the number of contracts given out. More often, smaller contracts are given by local authorities. This gives small health and social support providers a chance to grow. Small businesses in this field should learn more about it because there are many opportunities for them.
Usually, quality matters most in healthcare tenders, not cost. It's expected. Authorities prioritize quality service over cheap options to fully meet users' needs. Still, don't overprice. We bid on a contract where only quality mattered. Price wasn't even considered!
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