An electronic procurement tool used under the UK Public Contracts Regulations 2015 (PCR 2015) to establish an always-open list of suppliers for commonly purchased goods, services, or works. Suppliers meeting the selection criteria could join at any time and compete for individual contract opportunities. Under the Procurement Act 2023, the DPS has been replaced by the Dynamic Market.
Dynamic purchasing system (DPS)
A former PCR 2015 electronic tool maintaining an always-open supplier list, replaced by the Dynamic Market under the Procurement Act 2023.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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