Procurement The acquisition by purchase, lease, rent, hire, transfer, loan or other legal means of the goods, services and works required and/or used by an organisation 
Contract Standing Orders Stirling Council's internal control procedures for procurement and contracting. 
Tender The formal procurement process for all requirements with an aggregated value of between £189,330 (Goods and Services) to £4,733,252 (Works), with very detailed and specific documentation and criteria.
Quick Quote A formal procurement process for requirements valued from £5,000 to the threshold for Supplies and Services detailed above and where the documentation issued is less detailed and less specific than is used for tenders.  An Quick Quote process is the least formal of the procurement processes. 
e-Tender The process as described above for Tender/RFQ, but carried out electronically online.  This is part of our Procurement Improvement Agenda.
Purchasing Cards A payment card is only issued/ used in certain circumstances to purchase goods and/or services up to an agreed value from certain suppliers.  Although similar in operation, it is not a credit card that can be used anywhere and there is no credit facility. For suppliers' the important fact is that typically paid in full will be made directly to their bank accounts within three working days, thereby improving their cash flow.  There are also other benefits for suppliers. More information on purchasing cards. 
Total Aggregated Value The total value of the overall requirement over the contract term. Individual or annual values are irrelevant where goods, services or works are of the same type or have similar characteristics.  The total value of the contract must be used when deciding which process. 
FOI Freedom of Information (Scotland) Act 2002. 

Last updated: Tuesday, February 16, 2021 11:44 AM