Dynamic purchasing system (DPS)

An electronic list of approved suppliers that new firms can join at any time, unlike a framework, which is closed once awarded. Under the UK Procurement Act 2023 it becomes a dynamic market.

Also called: DPS, Dynamic market

Related terms

Framework agreement

An umbrella agreement with a set of approved suppliers, under which public buyers later award contracts without a full tender each time. Getting on a framework is often the only way into recurring IT work.

Supplier list

Any list of pre-approved suppliers a buyer invites to compete, such as a framework, panel, standing offer or vendor roster. Many IT contracts are only open to firms already on a list.