All University officers who commit or incur expenditure against any funds administered by the University are accountable for such expenditure and have a general responsibility for the exercise of due economy. The calling of competitive quotations is part of the process of ensuring that the best value for money is obtained. These procedures are intended to ensure fair and impartial dealings with suppliers, to protect the good name of the University and its officers, and to ensure that appropriate records are retained to facilitate the usual processes of accountability and to comply with audit requirements.