Bidding for public sector contracts, and increasingly private ones, often requires compliance with social responsibility criteria, including modern slavery regulations.
Familiarising yourself with these regulations is not just a legal requirement but also a demonstration of ethical business practices. How to achieve this:
- Research and understand the latest modern slavery regulations, particularly those relevant to your industry and country.
- Incorporate a modern slavery policy in your bids, outlining how your company ensures compliance across your operations and supply chains.
- Train staff to be aware of modern slavery risks and encourage transparency in business dealings, especially when sourcing materials or services from third-party suppliers.
- Regularly review and update your internal policies to remain compliant with any new regulations.
By understanding modern slavery legislation, you will be prepared to respond to ethical and regulatory questions in bids, thereby increasing your appeal to clients with strong corporate social responsibility (CSR) commitments.
Check out some top advice on .gov which covers:
1. Who needs to publish a statement?
2. Demonstrate compliance with the minimum legal requirements
3. What to include in a modern slavery statement
4. Add your statement to the government registry
5. Best practice
6. More resources and guidance
Visit the site here: https://www.gov.uk/guidance/publish-an-annual-modern-slavery-statement
The effort you invest in preparing for bids will ultimately pay off with stronger, more competitive proposals and, ultimately, more successful outcomes.
However contact us if you would like to understand how we can become your outsourced bid team!