Procurement and Value for Money

The University’s annual non pay spend, not including capital projects, is circa £50m. The University has a statutory responsibility to ensure that it achieves Value for Money in its use of public funds. However, we also have a responsibility to our stakeholders (students, staff, external customers and partners) to ensure that we use resources in the best way possible to achieve our objectives.

The Procurement Team ensures that everything the University spends represents Value for Money for the organisation through effective procurement.  Value for Money is not just about buying the cheapest; it is the balance between the lifetime cost of the purchase and the quality/performance of that product or service.

Value for money is central to the University’s Procurement Strategy and will be attained by:

  • Ensuring that framework agreements for common use items are easily accessible, avoiding duplication of effort and gaining maximum benefit from the University’s purchasing power.
  • Providing clear guidance through a high quality website and ensuring regular communications on the activities of Procurement and the procedures required for the various activities
  • Ensuring all high value and strategic procurement projects (in-line with the University’s Procurement Thresholds) involve timely consultation between the Stakeholder and Procurement.
  • Providing management information where appropriate, internally and externally, in a timely manner and in accordance with legislation.