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Procurement
Contracts |
Information & Resources
A contract is a written agreement between two or more competent parties which creates obligations to do or not do the specific things that are the subject of that agreement. Contracting occurs whenever the University executes an agreement or contract with an entity outside of the University. That includes not only companies for the purchase, lease, or license of goods and/or services, but the University Auxiliaries (ASI, USU, ABS and Foundation), and other state agencies. Anytime the University is one of the contracting entities, there are only two people who are authorized to sign the contract: the President and Vice President of Business & Finance.
The Procurement department is responsible for preparing and reviewing all University contracts. Contract types include the following:
Service Agreements
Public Works Projects
Repair & Maintenance Agreements,
Consulting Agreements
Grants
Leases (Capital and Operating)
Rentals
Student Intern Agreements
MOU’s (Memorandums of Understanding)
In addition, Procurement is responsible for: legal advertisement of all bids and contracts; conducting public bid openings; evaluation and award of bids; DVBE coordination and evaluation; the filing of Notices of Completion; overseeing insurance requirements; and the coordination and printing and distribution of project plans and specifications.
