What it is: The Institute of Directors has published a report on the amount of money wasted by the public sector on the £220bn of services it procures annually.

When it came out: 19 March 2010

Why it is important: The IoD says the public sector could save £25bn a year within three years if it managed its procurement and outsourcing better. In this report it also sets out the way it thinks it could do this, including more collaborative procurement and a new procurement agency led by the Office of Government Commerce.

To read the full report click here: Public Procurement Reform

• Public sector wastes £15bn a year on procurement
• Auditors call for more collaborative procurement
• OGC procurement action plan for government
• GVA Grimley report Cutting Costs Not Corners
• Incentive given for procuring services jointly