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Guidance note for an Additional Funding Desktop Audit

Value for Money

Demonstrate that you have made reasonable attempts to secure value for money when making larger purchases. 

Examples of acceptable evidence: evidence of obtaining quotes for items costing over £300; evidence of the grant recipient organisation complying with the requirements of its own financial regulations regarding competitive quotes and tendering 

Specific requirements for evidence: Note that there may be only one supplier for some items, e.g. purchase of visas, and in such cases it is not practical to obtain multiple quotes.