UNIVERSITY OF VIRGINIA
FINANCIAL AND ADMINISTRATIVE PROCEDURES MANUAL
Revision Pending
TITLE: OBTAINING BOARD OF VISITORS PROCEDURE: 7-9
APPROVAL FOR LARGE PURCHASES
Policy Reference: VII.A.7
Purpose
To describe how to obtain Board of Visitors approval for certain
large purchases.
Note: See also Policy VI.R.1, "Contracts."
NOTE: Purchases for services greater than $500,000 or for goods
greater than $1,000,000 must have Board of Visitors approval before
being finalized. A department anticipating a procurement of this
size should seek vice presidential and Board approval well in
advance of the date the contract needs to be finalized. Board and
vice presidential approval should be sought by departments
anticipating purchases that are unusual, controversial or unique in
nature.
Responsibility Action
Department Head 1. Requests Board of Visitors
approval through respective vice
president.
Vice President 2. If approved, prepares resolution
for Board.
3. Seeks advice on resolution from
Legal Adviser.
Board of Visitors 4. Forwards informational copy of
resolution to Assistant Vice
President for Finance.
5. Approves resolution.
Board of Visitors'
Office 6. Forwards copy of approved
resolution to:
Appropriate Vice President
Purchasing and Materials Services
Purchasing 7. When appropriate, forwards copy of
resolution to Assistant Vice
President for Finance for
signature.
ISSUED BY: 09/15/87
Chief Contracting Officer
7.9.1