Published on Finance Division (https://www.finance.admin.cam.ac.uk)

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Chapter 4 - Procurement Procedures

This section details procedures and guidance for buying goods and services and includes tendering, EU regulations and the purchasing cycle.


Background

Total non-pay expenditure exceeds £250m in the University, and more than £5bn in the whole of the Higher Education sector. Consequently, external bodies such as HEFCE, the Research Councils and the National Audit Office take a close interest in university purchasing. The resulting political pressures, together with increasing pressure on the University's finances, mean that there is more than ever a need for University staff to obtain the best value for money at the lowest administrative cost.


Source URL: https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-4-procurement-procedures