Financial vetting

In the context of the procurement process, financial vetting forms part of the selection (not award) criteria and is designed to identify financial risks to be assessed alongside other qualitative and quantitative factors that can be grounds for selecting a preferred supplier.

Our financial vetting procedures are created and managed by the technical finance team, any questions or queries in relation to the vetting procedure / policy should be directed to: CST financial vetting (Corporate Services and Transformation), email financial.vetting@derbyshire.gov.uk.

The guidance attached to this page endorses an approach where risk is assessed relative to the particular factors of the requirement and the supplier rather than just the mechanistic application of financial formula.