From Contract Management to Societal Value Creation: A Public Procurement Portfolio Model

This episode explores the research behind the Journal article, From Contract Management to Social Value Creation: A Public Procurement Portfolio. The study introduces a new portfolio model designed specifically for public procurement, recognising that government purchasing operates under fundamentally different priorities from the private sector. Rather than focusing primarily on cost and profit, the framework helps public organisations balance regulatory requirements, stakeholder expectations, and supply network risks to create greater societal value. It identifies four procurement strategies—Cooperative Agreements, Patronized Competition, Monitored Partnerships, and Contingency Sourcing—that provide practical guidance for selecting the most appropriate approach based on stakeholder complexity and supply network risk. Throughout the episode, the authors discuss how this framework can help public organisations move beyond contract administration towards more strategic procurement, strengthening resilience, accountability, and public outcomes. Read more here.