TfL’s new framework agreements
TfL is developing a new set of six framework agreements for professional services. They are expected to deliver value for fare and tax payers whilst helping improve the delivery of a multi billion pound transport improvements programme. TfL believes they will enable it to continue delivering its operational goals efficiently, effectively and economically whilst maintaining and improving the delivery of front line services for a capital with a growing population. The current framework agreements have saved TfL £6m in costs over a three and a half year period. It is expected similar if not improved savings will be achieved with the new framework agreements. The new frameworks are also designed to set the standard terms and conditions and to also cap rates which would lead to lowering administration costs across the public sector.
TfL’s new frameworks are expected to enable it to support small to medium sized enterprises (SMEs) through the awarding of contracts, potentially leading to job creation across the supply chain. New figures released by TfL show that it has created 40,000 jobs outside London and 19,000 jobs in the capital through its supply chain. The frameworks can also be used by the GLA groups and London Boroughs and could save the other organisations from going through the same process, through sharing of suppliers thereby delivering better use of public money.