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CAPITAL PROCUREMENT POLICY AND GUIDANCE FOR SCHOOLS AND COLLEGES WITHIN THE TRUSTEESHIP OF THE DIOCESE OF WESTMINSTER ROLES AND RESPONSIBILITIES OF HEAD TEACHERS AND GOVERNING BODIES AND ACCOUNTABILITIES
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01
Gather all the necessary information and documents related to the procurement process.
02
Identify the objectives and goals of the capital procurement policy.
03
Define the scope and boundaries of the policy.
04
Determine the roles and responsibilities of involved stakeholders.
05
Establish the criteria and factors for evaluating capital procurements.
06
Develop a transparent process for soliciting bids and proposals.
07
Define the evaluation and selection process for choosing vendors.
08
Ensure compliance with procurement rules and regulations.
09
Document the policy and communicate it to all relevant parties.
10
Regularly review and update the capital procurement policy as needed.

Who needs capital procurement policy and?

01
Government organizations and agencies that procure capital goods and services.
02
Private companies and corporations involved in capital-intensive projects.
03
Non-profit organizations that require capital procurement for their operations.
04
Educational institutions and universities for purchasing equipment and infrastructure.
05
Healthcare organizations in need of capital procurement for medical facilities.
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Capital procurement policy is a set of guidelines and regulations that govern the process of acquiring capital assets.
All entities that are involved in the procurement of capital assets are required to file capital procurement policy.
To fill out capital procurement policy, one must include details such as the types of assets being acquired, the budget allocated, and the procurement process to be followed.
The purpose of capital procurement policy is to ensure transparency, efficiency, and accountability in the procurement process of capital assets.
Information such as the description of the asset, justification for its acquisition, estimated costs, and procurement timeline must be reported on capital procurement policy.
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