A procurement policy is a document that sets out the procedures and principles a charity follows when purchasing goods, services, or works. It ensures that the charity obtains value for money, meets its operational needs, and adheres to principles of transparency, fairness, and accountability.
 
A clear procurement policy also helps trustees meet their legal duties under charity law. This includes acting in the best interests of the charity, managing resources responsibly, and avoiding conflicts of interest.
 
Charities in England and Wales are encouraged to follow guidance from the Charity Commission, particularly ‘CC3: The Essential Trustee’ and ‘Managing charity assets and resources (CC25),’ which highlight the importance of effective financial controls and procurement practices.
 
You may also be interested in our Financial Control's Policy