Manage a Contract

Procurement Services works with university departments to secure and administer contracts that meet the Commonwealth of Virginia and the university contracting standards for the purchase of goods, services, construction and equipment.

To be valid, all purchases contracts and amendments must be executed by the Director of Procurement Services or their management. The University’s Contracts program is the shared responsibility of two groups within Procurement Services: Purchasing and Contracts.

Value Work
Group
Contract
Manager
Type of
Request
RealSource
Module
> $10,000 Purchasing Buyer Purchase Purchasing
< = $10,000 Contracts Contracts analyst Contract Contracts+
Value =Total Estimated Cost in the Base Contract Term (Less Renewals)

 

General Considerations

Purchase contract guidance and requirements

Contracts greater than $10,000

Contracts requiring vendor signature for purchases < or = $10,000

Contracts less than or equal to $10,000

Contracts requiring vendor signature for purchases > $10,000

Contract Management

Executed contracts requiring additional review or management