Contract Review & Approval

Contract Review & Approval

All university contracts should be reviewed and executed in accordance with Policy 370.5 Contract Approval and Signature Authority.

All university employees should ensure that the University does not knowingly enter into contracts that present a conflict of interest.  The university will not recognize any contract as binding unless it has been executed by an authorized University official.

Except as noted below, all university contracts should be reviewed and approved according to the following thresholds:

Contracts valued at $25,000 or less
Reviewed by the Director of Procurement
Signed by a member of the President’s Cabinet

Contracts exceeding $25,000
Reviewed by the Director of Procurement
Signed by VP Finance & Administration

Exceptions to the review and approval thresholds:

All lease agreements
Reviewed by Director of Procurement
Signed by VP Finance & Administration

Technology related contracts
Reviewed by Director of Procurement
Reviewed and signed by the Chief Information Officer

Entertainment contracts
Reviewed and signed by the individual in charge of the hosting department, i.e. Executive Director of Conference & Event Services, or Director of University Center

Real estate contracts (lease, rental or purchase)
Reviewed by the University’s attorney
Signed by VP Finance & Administration

Construction and architectural contracts
Reviewed by Assistant VP for Facilities Services
Signed by VP Finance & Administration