Leasing and Procurement

 

Leasing 
 

Guidance

From 1 April 2021, all school lease applications should be directed to Link Group, an external company, who will be reviewing school leases on behalf of MKC. This service will be free of charge to all schools in Milton Keynes and will provide assurance that it is an operating lease. 

The following document provides guidance on the Link’s Schools Leasing Scheme and the information that schools will need to obtain from a supplier in order for Link to undertake the process.  Page 5 gives details of the information needed.

School Leasing Pack (PDF, 385KB)

Approval Process

In order to seek the appropriate financial advice and approval all maintained schools must complete a quotation template before entering into any lease/rental agreement.

Quotation Template (XLSX, 10KB)

The lease information and completed template should then be emailed to Tom Firth at Link Group (it does not need to be sent to Schools Finance):

t:      +44 (0) 7725 114 147

e:     tom.firth@linkgroup.co.uk

Link Group will then undertake a review of the proposed lease arrangement and advise whether or not it would be a suitable option for the school.

Procurement

A Schools Question and Answers document can be found here: School procurement Q&A document. (PDF, 104KB)

Procurement thresholds

  • Up to £500 verbal quotation will suffice
  • £501 - £25,000 requires (at least) three email quotations.
  • £25,001 - £100,000 requires a minimum of three written quotations 
  • £100,000 + 

Further information on MKC procurement rules and thresholds can be found on the links below

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Last Updated: 28 September 2021