{"id":7906,"date":"2023-08-01T14:22:20","date_gmt":"2023-08-01T18:22:20","guid":{"rendered":"https:\/\/carleton.ca\/facts\/?page_id=7906"},"modified":"2023-08-01T14:30:54","modified_gmt":"2023-08-01T18:30:54","slug":"total-procurement-value","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/","title":{"rendered":"Total Procurement Value"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>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.<\/p>\n<p>Note that departments should consider any additional costs (e.g. taxes) when preparing annual forecasts and\/or budgets.<\/p>\n<h3>Why is it important?<\/h3>\n<p>The Total Procurement Value dictates the process(es) that must be followed, as defined by the <a href=\"https:\/\/carleton.ca\/secretariat\/policies\/\">Procurement Policy<\/a> and <a href=\"https:\/\/carleton.ca\/secretariat\/policies\/\">Signing Authorities Policy<\/a>.<\/p>\n<h3>Where do I find more information?<\/h3>\n<p>For more information, visit <a href=\"https:\/\/carleton.ca\/procurement\/how-to-buy\/\">Procurement Services\u2019 How to Buy site<\/a>, or email <a href=\"m&#97;&#105;&#x6c;&#x74;o:&#80;&#114;&#x6f;&#x63;ur&#101;&#109;&#x65;&#x6e;tS&#101;&#x72;&#x76;&#x69;c&#101;&#115;&#x40;&#x63;&#x61;r&#108;&#101;&#x74;&#x6f;&#x6e;&#46;&#99;&#97;\">&#x50;&#114;o&#x63;&#x75;&#114;e&#x6d;&#101;n&#x74;&#x53;&#101;r&#x76;&#105;c&#x65;&#x73;&#64;c&#x61;&#x72;&#108;&#x65;&#x74;&#111;n&#x2e;&#x63;&#97;<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"parent":104,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Total Procurement Value - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? Total Procurement Value is the complete anticipated financial expense (excluding taxes) over the life of the commitment for your goods or\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/\",\"url\":\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/\",\"name\":\"Total Procurement Value - Financial Administration Community Training &amp; Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/carleton.ca\/facts\/#website\"},\"datePublished\":\"2023-08-01T18:22:20+00:00\",\"dateModified\":\"2023-08-01T18:30:54+00:00\",\"description\":\"What is it? Total Procurement Value is the complete anticipated financial expense (excluding taxes) over the life of the commitment for your goods or\",\"breadcrumb\":{\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/carleton.ca\/facts\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"T\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/t\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Total Procurement Value\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/carleton.ca\/facts\/#website\",\"url\":\"https:\/\/carleton.ca\/facts\/\",\"name\":\"Financial Administration Community Training &amp; Solutions\",\"description\":\"Carleton University\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/carleton.ca\/facts\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Total Procurement Value - Financial Administration Community Training &amp; Solutions","description":"What is it? Total Procurement Value is the complete anticipated financial expense (excluding taxes) over the life of the commitment for your goods or","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/","url":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/","name":"Total Procurement Value - Financial Administration Community Training &amp; Solutions","isPartOf":{"@id":"https:\/\/carleton.ca\/facts\/#website"},"datePublished":"2023-08-01T18:22:20+00:00","dateModified":"2023-08-01T18:30:54+00:00","description":"What is it? Total Procurement Value is the complete anticipated financial expense (excluding taxes) over the life of the commitment for your goods or","breadcrumb":{"@id":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/carleton.ca\/facts\/glossary\/t\/total-procurement-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/carleton.ca\/facts\/"},{"@type":"ListItem","position":2,"name":"Glossary","item":"https:\/\/carleton.ca\/facts\/glossary\/"},{"@type":"ListItem","position":3,"name":"T","item":"https:\/\/carleton.ca\/facts\/glossary\/t\/"},{"@type":"ListItem","position":4,"name":"Total Procurement Value"}]},{"@type":"WebSite","@id":"https:\/\/carleton.ca\/facts\/#website","url":"https:\/\/carleton.ca\/facts\/","name":"Financial Administration Community Training &amp; Solutions","description":"Carleton University","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/carleton.ca\/facts\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"acf":{"banner_image_type":"none","banner_button":"no"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/7906"}],"collection":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/comments?post=7906"}],"version-history":[{"count":2,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/7906\/revisions"}],"predecessor-version":[{"id":7908,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/7906\/revisions\/7908"}],"up":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/104"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/media?parent=7906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}