What this policy needs to do
A good procurement policy will ensure that every purchase in your school or trust is managed in the most effective and appropriate way. A formal policy provides a written audit trail for all purchasing decisions, and means that your school/trust can justify how public money has been spent.
All schools/trusts must comply with procurement legislation, including the Procurement Act 2023 for contracts over certain financial thresholds. A procurement policy provides the mechanism for translating these complex legal requirements into practical day-to-day procedures in your school/s.
You don't need a complex understanding of procurement legislation, but if you're new to this topic, get to grips with the basics of how your school or trust buys goods and services and your board's role in monitoring procurement in our other articles.
Remember, it's not your job to write the policy. This is the