The document discusses issues with the EU procurement directive and its impact on delivering value for money through public procurement. It notes that the directive results in very high administration costs, makes it difficult to buy innovative technologies, and disadvantages small- and medium-sized enterprises. It also states that procurement processes under the directive typically take 6 to 18 months, which is double the time it takes in the private sector. Revising the directive to significantly increase thresholds, allow buying from approved suppliers, and strip it back to a set of core principles could help address these issues.