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Policy

Professional and Consultant Contracts - 308.2

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University of Arkansas at Little Rock
Policy Name: Professional and Consultant Contracts
Policy Number: 308.2
Effective Date: July 26, 2001
 

Policy:

In accordance with UA Board Policy 300.1 as amended on September 26, 1997, the Vice Chancellor of Finance and Administration is designated to execute on behalf of the University of Arkansas at Little Rock all contracts which do not exceed 5250,000 and which:

  1. do not commit to building or renovating a facility;
  2. do not commit to initiating or expanding an academic program; and
  3. do not commit to extending expenditures beyond the term of the contract.

    4. Such agreements are standard form contracts that have been reviewed and approved by the Office of the General Counsel. Any changes to such standard form contracts must be reviewed and approved by the Office of the General Counsel prior to execution.

    The System Office must review Professional/Consultant Services Contracts that exceed 510,000 prior to execution.

    Then Chancellor will be notified of any request for a contract that is unusual or strikingly different from past practices.


    Source: Administrative Memo to VCFA, Purchasing Director, and other VC’s, October 9, 1997
    Revised: July 26, 2001
    Approved: Robert Adams, VCFA, November 30, 2010
    Custodian: Office of Finance & Administration
Updated 11.29.2012