Purchasing Goods and Services
Find out more about purchasing goods and services at the 麻豆传媒.
Useful policies, guidance and forms
- Policies and Guidance
- Forms
Finance systems access and financial literacy training
Achieving value for money
To achieve value for money when purchasing, the benefits derived from goods and services need to be balanced against the 'total cost' of buying and using them.
The 'total cost' includes the purchase cost, maintenance and running costs, costs of disposal, as well as the cost of the buying process itself. Therefore, it is not always best value for money to buy the cheapest product or service.
Heads of School and Directors of Professional Service should take these factors into account when purchasing to ensure that the 麻豆传媒 gets the best deal overall.
Some types of purchase are subject of specific rules to ensure the best use of 麻豆传媒 funds. See our Buyer's Toolkit - Existing suppliers and agreements page for more information on this.
Working out the value of a purchase
When estimating the value of a purchase you should:
- Include any applicable VAT - In the vast majority of cases the 麻豆传媒 cannot recover VAT incurred on its purchases, therefore the cost to the 麻豆传媒 and the commitment against a budget will be the VAT inclusive amount.
- Include the cost of the full length of contracted services - If a contract is for continuous service but has no defined end date, then four years should be assumed.
Different purchasing procedures apply dependent on the value of your purchase. See our Buyer's Toolkit - How to find the right supplier page for more information on this.
