Treasury written question – answered on 4th March 2014.

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Photo of Catherine McKinnell Catherine McKinnell Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what his Department's 10 largest contracts let since the financial year 2010-11 are; what savings have been made in such contracts; what the level of overspend or underspend was in each such contract; and what steps his Department has taken to monitor the performance of each such contract following the contract award.

Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury

The Government is committed to openness and transparency to enable the public to hold the Government and other public bodies to account. This Government has made more data available than ever before. Since January 2011, central Government Departments have been required to publish on Contracts Finder information on the tenders issued and contracts they award with a value over £10,000 (excluding VAT):

In addition, Departments including HM Treasury routinely publish details of transactions over £25,000.

There is a senior responsible officer for each major contract. They are responsible for monitoring the delivery against the contractual agreement. They are supported by a contract manager, who is responsible for the day-to-day management of the contract. Financial support for the contract manager is provided by a representative of the Finance team and expert commercial support is provided by the Crown Commercial Service, and full guidance is available.

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