Sample Document - Procurement Policy

Procurement Policy 1. Purpose This procurement policy is designed to support the Institution' mission, which can be found at: insert URL To this end, the policy ensures that procurement procedures and practices: a) are appropriate and fully responsive to the Institution’s diverse needs; b) are timely and effective; c) provide excellent value for money d) comply with all legislation effecting the Institution’s procurement activities; e) minimise commercial and contractual risk; f) are open and fair to the supplier community including, wherever possible, small local suppliers; g) give due consideration to environmental impact; h) promote high ethical standards and financial probity.