The University spends approximately £120m on goods, works and services each year. These range from IT hardware and software to laboratory supplies, from cleaning supplies and equipment to space research equipment, from consultancy services to large scale construction contracts. It is committed to ensuring that it gains value for money through its procurement activity and subsequent contract management. Furthermore, it believes that procurement must play a major role if it is to realise its strategic objectives and vision. The University must comply with European and national public procurement legislation.