What is it?

Total Procurement Value is the complete anticipated financial expense (excluding taxes) over the life of the commitment for your goods or services, including optional renewal periods, if applicable. For example, if you plan to procure services that will span a term of five years at $50,000 per year, your Total Procurement Value is $250,000.

Note that departments should consider any additional costs (e.g. taxes) when preparing annual forecasts and/or budgets.

Why is it important?

The Total Procurement Value dictates the process(es) that must be followed, as defined by the Procurement Policy and Signing Authorities Policy.

Where do I find more information?

For more information, visit Procurement Services’ How to Buy site, or email ProcurementServices@carleton.ca.