I. PURPOSE

The purpose of this Policy is to describe what is a University contract and requirements for and approvals needed to enter into those contracts.

II. REFERENCES

1. Southern Utah University Policy 5.24 Purchasing
2. Southern Utah University Policy 5.62 Code of Ethics
3. Utah System of Higher Education Policy R532 Acceptance and Approval of Contracts and Grants
4. Utah System of Higher Education Policy R571 Purchasing
5. Utah System of Higher Education Policy R587 Contract or Lease-Purchase Financing

III. DEFINITIONS

1. Authorized Alternate: An individual designated to act on an Authorized Signatory’s behalf in matters requiring signatures on Contracts as outlined in this Policy. An Authorized Alternate may exercise such authority in the planned or occasional absence of an Authorized Signatory.
2. Authorized Signatory: University administrators expressly authorized to sign University contracts to bind the University.
3. Contract: Any legally executed University agreement for Goods or Services or document that otherwise binds the University and another party to obligations, regardless of any monetary amount or the name of the document.
4. Contracting Unit: The SUU office that is responsible for and needs the contract at issue to carry out their University duties.
5. Goods: See SUU Policy 5.24.
6. Services: The furnishing of labor, time, or effort by a third party that does not involve the delivery of a specific end product, other than reports. Excluded from this for purposes of this...

Read Full Story: https://www.suu.edu/policies/07/07.html