Futures plays starring role in new procurement ‘bible’
A growing East Midlands housing provider has been named as a pioneer in a new book which will be used by procurement experts throughout the world.
Futures Housing Group features in a new academic textbook by Professor David Mosey of King’s College London – “Collaborative construction procurement and improved value”.
Futures, which manages 10,000 homes throughout the East Midlands, is highlighted for being the first in the world to use the professor’s FAC-1 framework.
It is a unique approach to procurement which enables small business win chunks of large contracts and levels the supply chain playing field. It has now been used across the world in £40 billion worth of construction tenders.
John Thornhill, the Group’s former procurement and contracts manager, said: “We first looked at FAC-1 when it was in the original consultative draft in early 2016.
“We then became the first-ever adopters of the contract and to be involved with Professor Mosey’s research with King’s College is a huge reward for a regional housing provider.
“Futures proved it is possible to create a tender which includes measures attractive to SMEs but open to all.
“For the contract now to be responsible for £40 billion construction collaborations world-wide and for us to be the first is a source of great pride for Futures Housing Group.”
The book will be used primarily as one of the key parts of the syllabus for teaching Masters level construction law at King’s College London but is likely to be used by procurement academics and experts across the globe.