Major Revision of Existing Regulation
Minor/Technical Revision of Existing Regulation
Reaffirmation of Existing Regulation
I. OBJECTIVE & PURPOSE
It is the objective of the University to acquire quality goods and services within reasonable or required time frames, while promoting fair and open competition in the public procurement process. The process shall reduce the appearance and opportunity for favoritism, ensure that contracts are awarded equitably and economically, and establish effective management oversight in the acquisition of commodities and contractual services, in order to preserve the integrity of public purchasing and contracting. The opportunity to bid on University contracts is a privilege, not a right.
II. STATEMENT OF REGULATION
Authority: Board of Governors Regulation 18.001. History - New: Approved by the Board of Trustees on October 2, 2008.
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