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purchasing   /  Board Approval

Board Approval

Board Rule 415

Purchases of individual items of equipment equal to $500,000 or more shall be submitted to the Board of approval in accordance with Board Rule 415.

Equipment purchases included in Capital Construction Projects, which have Board approval, shall not require separate Board action. Also, purchases of equipment which are funded entirely by grant or contract shall not require Board approval if both of the following criteria are met:
(a) The capital expenditure is less that $1 million; and
(b) At least 75% of the operational cost associated with the equipment will be paid by the grant or contract over the estimated useful life of the asset.

Generally, capital projects with estimated costs of less than $750,000 may be undertaken and associated contracts executed without Board approval. However, all capital projects (regardless of cost) which impact the visual appearance of the campus are to be presented to the Board.

UAB Procurement will return to the originator any purchase order requisition for equipment or software that exceeds the above thresholds that do not have a copy of an approved Board resolution attached.

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