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Purchase of Services FY12-PRC-002-00 Board of Trustee(BoT) Policy T92-031, ▸ Policy for Management of University Funds, ▸ Procurement Policy, Appendix.

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Presentation on theme: "Purchase of Services FY12-PRC-002-00 Board of Trustee(BoT) Policy T92-031, ▸ Policy for Management of University Funds, ▸ Procurement Policy, Appendix."— Presentation transcript:

1 Purchase of Services FY12-PRC Board of Trustee(BoT) Policy T92-031, ▸ Policy for Management of University Funds, ▸ Procurement Policy, Appendix A, as revised ▸ Business Expense Policy, Appendix C.

2 Purchase of Services Consulting Services Operational Services ******* Contract for Services University Sub-contract

3 Policy Highlights ▸ Policy Effective May 1, 2012 ▸ Quality Assurance/Post Audit < $5,000 ▸ Purchase Order only ≤$10,000 ▸ Contracts Required >$10,000 ▸ Independent Contractor: Human Resources when hiring Individuals

4 Policy Highlights ▸ Competitive Procurement Contract Usage ▸ Non-employee Compensation—DV to Controller ▸ Honoraria, Participant Costs ▸ Human Subjects, Other Research Non-employee Reimbursements—DV to Controller

5 Purchase of Services University Sub-contracts ▸ Contracts where University agrees to provide services ▸ For Consulting or Operational Services using external grants or sponsored programs ▸ New contract—Procurement website

6 Purchase of Services Processing Rules at a Glance

7 Purchase of Services Consulting and Operational Contracts> $50,000 Public Bidding Required* *unless Competitive Procurement Contract Best over-all value, Responsive, Responsible Bidder Preference to MA vendors Process takes 6-8 weeks Procurement creates contract

8 Thank You! ▸ Finance and Grants Council ▸ Purchase of Services Policy Advisory Group


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