All university contracts should be reviewed and executed in accordance with Policy 370.5 Contract Approval and Signature Authority.<\/p>\n
All university employees should ensure that the University does not knowingly enter into contracts that present a conflict of interest.\u00a0 The university will not recognize any contract as binding unless it has been executed by an authorized University official.<\/p>\n
Except as noted below, all university contracts should be reviewed and approved according to the following thresholds:<\/p>\n
Contracts valued at $25,000 or less<\/strong> Contracts exceeding $25,000<\/strong> Exceptions to the review and approval thresholds:<\/p>\n All lease agreements<\/strong> Technology related contracts<\/strong> Entertainment contracts<\/strong> Real estate contracts (lease, rental or\u00a0purchase)<\/strong> Construction and architectural contracts<\/strong> 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.\u00a0 The university will not recognize any contract as binding unless it has been executed by an authorized […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-12","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/pages\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":0,"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/pages\/12\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.furman.edu\/offices-services\/procurement-services\/wp-json\/wp\/v2\/media?parent=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nReviewed by the Director of Procurement
\nSigned by a member of the President\u2019s Cabinet<\/p>\n
\nReviewed by the Director of Procurement
\nSigned by VP\u00a0Finance & Administration<\/p>\n
\nReviewed by Director of Procurement
\nSigned by VP\u00a0Finance & Administration<\/p>\n
\nReviewed by Director of Procurement
\nReviewed and signed by the Chief Information Officer<\/p>\n
\nReviewed and signed by the individual in charge of the hosting department, i.e. Executive Director of Conference & Event Services, or Director of University Center<\/p>\n
\nReviewed by the University\u2019s attorney
\nSigned by VP Finance & Administration<\/p>\n
\nReviewed by Assistant VP for Facilities Services
\nSigned by VP\u00a0Finance & Administration<\/p>\n","protected":false},"excerpt":{"rendered":"