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University Policy Office

Shelly G. Gonzalez, Policy Officer
Administration 208
Warrensburg, MO 64093
Phone: 660.543.4730
Fax: 660.543.8022
sgonzalez@ucmo.edu





Approval of Contracts, Real Estate and Capital Projects Policy
Board of Governors Policy 4.1.010
Revised and Approved by the Board of Governors on September 17, 2008

I. Purpose

This policy ensures that the best possible use is made of funds available to the university.

II. Policy

A. Delegation of Authority

The Board of Governors of the University of Central Missouri:

  1. Authorizes the university president to delegate contract and decision-making authority to direct reports within limits set out in position descriptions or by written delegation and to approve short-term (not longer than one calendar year) grants of leasehold interests in university real property.

  2. Directs the university president to adopt university procedures to ensure efficiency and accountability governing bids, contracts, agreements and all commitments of university resources. The University of Central Missouri follows a competitive procurement process to ensure integrity and the best possible use of funds available.


B. Retention of Authority

The Board of Governors of the University of Central Missouri:

  1. Retains authority to purchase, regardless of the source of funding, or sell university real property for the use of the university.

  2. Retains authority to lease real property for use by the university if the lease term exceeds one year and payment exceeds Two Hundred Thousand and no/100 Dollars ($200,000), regardless of the source of funding.

  3. Retains authority to approve any agreement to purchase property or services over multiple budget years when at completion of the agreement the total commitment exceeds Two Hundred Thousand and no/100 Dollars ($200,000), regardless of the source of funding.

  4. Retains authority to approve demolition or construction of university buildings, regardless of the source of funding.

  5. Retains authority to approve capital projects, major renovations, or significant alterations that were not included in the fiscal year budget approved by the Board of Governors.


Link to procedure: "Approval of Contracts, Real Estate and Capital Projects Procedure"

Approved by the Board of Regents on May 20, 1987
Approved by the Board of Governors on April 18, 2001
Approved by the Board of Governors on February 21, 2007
Formatting updated August 1, 2007
Approved by the Board of Governors on September 17, 2008