The Bidding Committee 

 

What is the bidding committee? 

Members of the bidding committee attend a meeting once a month, usually on or around the 15th. In this meeting they assess all the bids submitted by Student Groups (societies, liberation groups, and student media) for funding. They will discuss whether the bid is sufficient to grant the money requested by the society and then you will receive an email with the outcome of your bid.  

Additionally, the committee can review Emergency Bids which can be submitted by a society outside of the monthly deadline. This only occurs if their bid was previously declined, and they are provided with the opportunity to submit an Emergency Bid. 

 

Who sits on the bidding committee? 

  • Minimum of 2 full-time staff members from the Networks and Social actions team 

  • Minimum of 1 full-time Student Officer (nominated by students in the annual elections) 

 

How does the bidding committee operate? 

After each funding deadline the committee will meet to discuss the bids received and decide on whether to allocate funds based on a series of criteria. You can find more information about submitting bids on the finance page of the committee hub. Once a decision has been made, you will receive an email with your bid results from the Student Groups team.  

Bids can either be approved in full, partially approved (for a lower sum amount than the initial bid) or denied. If denied due to a lack of information, an emergency bid may be granted, meaning you can resubmit your bid in more detail before the next bidding deadline.  

There is an allocated fund for the student group events each year which can be used to grant societies funding from bids. This is a finite amount so all bids will be thoroughly reviewed and discussed to ensure all student groups have the opportunity to run funded events throughout the academic year.