policy contracts modified Tue Nov 21 2023 08:09:16 GMT-0500 (Eastern Standard Time)
University of Louisville
This policy applies to University Administrators, Faculty, and Staff.
REASON FOR POLICY
Contracts are established to obtain competitive prices and prompt delivery of products used frequently. Purchasing from established contracts eliminates the need to solicit bids or quotations.
It is the requirement of the Department of Procurement Services to purchase from contract vendors when products qualify and prices are consistent with the specifications supplied by the ordering department.
University Departments are required to use contracts when ordering goods and services.
It is the responsibility of the end user to verify that established contracts are utilized for departmental purchases.
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger – Chief Procurement Officer
Service Complex, University of Louisville
Louisville, KY 40292
Original Date: Unknown
Revision Date(s): November 20, 2023
Reviewed Date(s): February 14, 2020; November 20, 2023
The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.