While there is legislation to govern the purchasing process for spends at tendering thresholds, many purchases below the tendering thresholds are often significant in their own right and are of particular interest to SMEs and start-up companies. The fact that these contracts are below the threshold does not remove the obligation to seek best VFM for public funds, nor does it remove the overriding obligations for openness and transparency. All NUI Galway Budget Holders must ensure that University monies are spent in compliance with the Procurement/
Financial Policy. As part of this policy, to achieve best value for money, it is a requirement that written quotations are sought from potential suppliers. The aim of this workshop is to provide University buyers with an understanding of the needs and methodologies to carry out below threshold procurement whilst maintaining the goals of attaining VFM (value for money) and ensuring compliance. |
