Decide how to allocate departmental budgets
You can choose to allocate departmental budgets using:
- A formula
- Negotiation or bidding
- Central budget management
Using a bidding system can:
- Give you greater flexibility to consider different priorities
- Give your budget holders more involvement in the allocation process
If you haven't yet decided how you want to allocate your departmental budgets, learn more about the options and how to decide between them in our article on allocating departmental budgets.
If you've already decided to use a bidding system – or a combination of bidding and other methods – read on. You can use our template and tips to help you and your budget holders.
What to include in budget bid applications
Encourage your budget holders – usually your heads of department – to consider their requirements in each of the categories you choose, such as:
- Everyday materials
- Staff training
- Printing and copying
- New resources
- ICT hardware
- Software, and online licences
