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Regulations for Committees Reporting Directly to Council or one of its Main Committees


Council Regulations 15 of 2002

Made by Council on 26 June 2002

Other Committees

Part 34: Value for Money Subcommittee of the Planning and Resource Allocation Committee

Amended on 22 April 2004, 22 September 2005, 4 May 2006, 1 June 2006 (Gazette Vol. 139, p. 474, 18 December 2008), 18 March 2010, 9 December 2010 (with effect from 1 January 2011), 2 June 2011 and 28 February 2014

Renumbered on 28 July 2011, 13 October 2011 and 24 May 2012

34.1. The Value for Money Subcommittee of the Planning and Resource Allocation Committee shall consist of:

(1) a person appointed by Council as chair of the committee;

(2)-(5) a member of Congregation from each of the academic divisions with relevant expertise, appointed by the Planning and Resource Allocation Committee;

(6) a member of Congregation from within Academic Services and University Collections with relevant expertise, appointed by the Planning and Resource Allocation Committee;

(7) a member of Congregation from within the University Administration and Services with relevant expertise, appointed by the Planning and Resource Allocation Committee;

(8) the Chairman of the Domestic Bursars' Committee;

(9) a member of the Environment Panel of the Buildings and Estates subcommittee, appointed by the Chairman of the Buildings and Estates subcommittee;

(10) one external person appointed by the Planning and Resource Allocation Committee who shall have relevant experience at a senior level within either the public or the private sector.

34.2. (1) The subcommittee may co-opt up to three additional members.

(2) The persons co-opted need not be members of the University.

34.3. (1) The initial period of office on the subcommittee shall be three years.

(2) No person shall serve on the subcommittee for more than six years in total.

34.4. In addition to subcommittee members, the Director of Purchasing shall normally attend all meetings.

34.5. The subcommittee shall meet at least once a term.

34.6. The subcommittee shall be responsible for:

(1) developing and maintaining strategy, policy and guidance setting out the University's objectives in the pursuit of value for money as defined in regulation 5.4 (9) of Council Regulations 15 of 2002;

(2) developing and implementing strategies to promote and support the pursuit of value for money throughout the University, including within planning and decision-making processes at all levels, to ensure that value for money is embedded within the University's operations and culture;

(3) adopting and disseminating value for money good practice;

(4) raising the profile of value for money across the University; and

(5) reporting to the Planning and Resource Allocation Committee and the Audit and Scrutiny Committee on:

(a) the divisions’ and services’ development of objectives that are aligned, measureable, and focused on significant resource impact; and

(b) the challenge and scrutiny of value for money delivery.