The Procurement Act 2023 governs how public contracts are awarded, managed, and monitored. The Act defines key concepts such as procurement, contracting authorities, and public contracts, setting threshold values and exemptions. It outlines procedures for competitive tendering, direct awards, and frameworks, including special regimes for utilities, defence, and light-touch contracts (e.g. health and social care). It mandates that procurement must align with principles like integrity, public benefit, and Small and Medium Enterprises inclusion. Supplier exclusion is addressed through detailed criteria, with provisions for appeals and interim relief. The Act also introduces markets flexible systems for supplier participation, and regulates contract modifications, performance assessments, and termination. It includes specific rules for below threshold contracts, international obligations, and devolved administrations, ensuring consistency while allowing regional adaptations.