Value for Money
UCD is required to achieve and demonstrate value for money in its procurement activities and to maintain robust, effective and auditable procurement processes.
In undertaking procurement activities, the Procurement, Contracts & Buying Function will consider not only cost but also factors including; compliance to the specification, quality, delivery requirements, lead times, aftersales support, service level commitment and others as necessary. Additionally, due diligence may be conducted on potential suppliers. This may include where appropriate; financial capacity and insurance cover, references, environmental and sustainability considerations, regulatory compliance and in some instances visiting a suppliers premises.