School business manager toolkit | Page 14

School business management toolkit The Key for School Leaders | NASBM Procurement: good practice and guidance The procurement cycle The guidance also notes: The Department for Education (DfE) has published guidance on procurement for all schools in England. Page 7 explains that the procurement cycle has three main stages: • Planning • Purchasing • Managing a contract Value for money is not always about the lowest price. It’s about getting the right balance between quality and cost. Think about how you will measure these when you specify and evaluate your purchase. Purchasing The process for buying will depend on how much the contract is worth and what your LA’s procurement thresholds are. On page 9 of its guidance, the DfE says that typical thresholds are as follows: Here, we look at each of these stages in more detail. Link on our website • Less than £10,000 is a low-value purchase Effective buying for your school, GOV.UK – DfE (Adobe pdf file) • £10,000 to £40,000 is a medium-value purchase Planning The guidance says on page 7 that because budgets are tight, schools should [