What is Procurement?

Procurement is the sourcing, obtaining and paying for goods and services, always remembering that Public Service Procurement means spending public money in a competitive, fair, transparent and consistent manner.

Background

The London Borough of Bexley spends approximately £200m with a variety of providers for goods and services. This ranges from transactional spends below formal procurement thresholds for one off purchases and everyday items, through to high value term contracts for works, goods and services. The London Borough of Bexley maintains approximately 200 term contracts with an approximate annual value of £120m.

Aims

The aim of this strategy is to set out a clear framework for undertaking procurement exercises throughout the authority, one which ensures best value through our external spend, and reflects and promotes the wider aims of the Council’s Corporate Plan.