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Section 4. Purchasing and Contracts

Purchasing

The President has delegated authority to make purchases of goods costing $5,000 or less without competitive bid to University departments. All other purchases must be awarded by the Purchasing Office. Departments may not separate purchase orders into separate orders to meet the delegated $5,000 dollar limit.

For more information see:

Purchasing Authority

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Contracts

In general, no staff or faculty member, dean or chairperson has the authority to solicit, select, or obligate the University of Texas at Austin in any contractual matter or sign a contract on behalf of the University or any of its departments or other subdivisions. All contracts must be approved by the Office of the Vice President and Chief Financial Officer. Only an individual with a written delegation of authority from the president of the University may execute contracts on behalf of the University. A contract without an authorized signature may be invalid and unenforceable and may create individual liability for the unauthorized signer.

For more information see:

Procedure For Submitting Business Contracts For Review, Approval, And Execution

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Disclosures

If you are an employee with authority to execute contracts or you can exercise significant discretion with regard to the award of contracts or other pecuniary transactions, you must complete the Financial Disclosure and Conflict of Interest Statement.

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