Foodbuy, a leading group procurement organisation, has extended its contract with the colleges of the University of Oxford in a deal worth £60 million over the next five years.
Foodbuy has been delivering procurement services and eProcurement systems across the colleges of the University of Oxford since 2009, supporting 38 colleges and a number of related establishments.
Located in and around Oxford’s city centre, the university comprises numerous colleges and halls and caters for around 22,000 students, 40 per cent of whom are international, representing 140 countries between them.
The partnership provides the colleges of the University of Oxford with access to Foodbuy’s procurement deals and expertise, helping them to benefit from Foodbuy’s significant scale in order to deliver cost savings.
Ian Murphy, Managing Director of Foodbuy said: “The colleges of the University of Oxford are a really important client for us and we are proud to be able to continue this partnership. We’re very excited to have the opportunity to work more closely with the colleges and also exploring the benefits of providing non-food products and services.
James Bennett, Home Bursar of St Catherine’s College, on behalf of the Domestic Bursars’ Committee at the University of Oxford said: “It’s essential we have access to the right mix of suppliers to meet our diverse needs. We want to work with local suppliers wherever possible and this is something Foodbuy is able to support us with. Their scale helps us benefit from the strong deals they have in place with a range of suppliers, whether that’s local, regional or further afield.