Velstrian Buy

Run a private sector purchase in Velstrian Buy

What changes for a private company buying: the document you issue, your own currency, optional social value and no statutory standstill.

4 min read

How the product knows you are a private buyer

From your recorded organisation type. A company is a private buyer, and the requirement builder shows it under Who is buying. Until the type is recorded nothing is enforced and nothing is hidden.

Building a requirement

  • Choose the non statutory route and record the document you are issuing: a request for information, a request for proposal, a request for quotation or an invitation to tender.
  • Enter the estimated value in the currency you are buying in, preselected from your default currency. It is stored with its currency and never converted.
  • Social value measures are optional, because no procurement rule asks a private company for them.
  • No UK procurement rule sets a social value weighting for you. Set whatever your own policy requires.

Awarding

No standstill applies to a private buyer, so you are free to enter the contract when you are ready. Award and regret letters are still drafted for you to review.

The short route

For a settled scope, Quick RFQ produces an RFQ pack and a price schedule without a full requirement pack. See the Quick RFQ guide.