How to review contracts coming up for renewal
Read advice on managing and renewing your school's contracts, including setting up a contracts register. See tips on streamlining and scrutinising services to get the best value.
Use a contracts register and review everything annually
Reaching the end of the procurement process will be a relief - but you need to plan ahead and consider the review and renewal process as part of your overall approach to procurement. Having a standard process for reviewing your school’s contracts helps protect against:
- Missed renewal deadlines (for example, caused by staff turnover and broken lines of communication)
- Duplicated spending caused by lack of communication between departments
- Additional charges that could have been avoided with a timely review, or automatically renewing a contract on the same terms without a chance to review
Having renewal dates recorded in 1 place makes it easier to monitor all your contracts, so you know when to review them.