When it comes to purchasing products and services, TenneT’s procurement policy is based on European laws and regulations, our own corporate policy and best practices in procurement management. Transparency and non-discrimination underline all our purchasing processes. Key aspects of our purchasing policy include:
General terms and conditions of purchase
We have set up general terms and conditions of purchase. Additional agreements may be concluded for specific products or services.
Cost of ownership
We strive to control and reduce the total cost of ownership, aiming for the ‘most economic offer’: an optimum balance between quality, cost and service life.
Encouraging free-market operation
We encourage fair and free operation of the market to ensure a sufficient and competitive supply of the wide range of specialized products and services that we purchase.
Expenditure on products and services is covered by purchasing contracts, which are drawn up in a clear and professional manner. We enter into various types of short-term and long-term contracts and recognition arrangements. These are recorded in our vendor base along with those suppliers who meet our requirements.