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 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

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