Love Wimbledon has a written operating procedures document that is reviewed bi-annually and approved by the Board of Directors. This sets out the operating principles of the organisation, including details of the procurement policy and financial delegation.
The number one priority for Love Wimbledon BID regarding procurement is to directly invest back into the levy payers, wherever possible, so that a direct return on their investment is received.
Under £25k
CEO authorisation based on value for money, price, ability to deliver within timescales, local business, experience, reputation, recommendation, warranty, guarantee.
Over £25k
Commission or advertise the work with a range of suppliers and a minimum of two written quotes. Board approval of tender documentation and a full report to the directors on decisions is required.