DOCUMENT

POL - OA4 Policy & Procedures Manual 2003

  • YEAR CREATED: 2003
  • ENTITY TYPE: Universities
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document contains information about contracts and purchases at a university. It states that for contracts valued over $500,000, a bond must be filed by the contractor filing a protest action, either in the amount of 2% of the lowest accepted bid or two percent of the lowest accepted bid, whichever is greater. If the bond is not filed, the protest will be denied. The document also outlines the requirements for contracts, including the need for a purchase order or bilateral agreement signed by university officials, and the inclusion of a statement regarding the state's obligation to pay based on annual appropriations. It mentions the extension and renewal of contracts, as well as the option for deferred payment agreements. The document also states that the university has the authority to limit the liability of vendors in contracts. It provides guidelines for bilateral agreements for services, including the inclusion of specific details and the requirement for the contractor to submit detailed invoices. It also mentions the option of issuing a purchase order instead of a detailed contract for less complex relationships. Lastly, the document mentions the university's authority to acquire motor vehicles through various means, including purchase, lease, installment purchase, and trade-in of current university-owned vehicles.
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