Institutional Policies
Policy ADMA-PUR-012
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| Responsible University Administrator: | Vice President of Finance and Administration |
| Responsible Officer: | Director of Procurement and Contract Services |
| Origination Date: | N/A |
| Current Revision Date: | 02/20/13 |
| Next Review Date: | 02/20/17 |
| End of Policy Date: | N/A |
| Policy Number: | ADAM-PUR-012 |
| Status: | Effective |
PURCHASING POLICY
Policy Statement
The Purchasing Department administers the procurement function for campus departments in accordance with the responsibility and authority delegated by the University’s President.
Reason for Policy/Purpose
This policy is required for the effective communication of university policies regarding purchasing.
Who Needs to Know This Policy
All members of The University of Southern Mississippi community.
Website Address for this Policy
usm.edu/institutional-policies/policy-adma-pur-012
Definitions
Policy/Procedures
The Purchasing Department administers the procurement function for campus departments
and provides procurement guidance for all faculty, academic professionals, administrators,
and staff. With the exception of collections purchased by the library and authorized
purchases using procurement cards, no University employee may obligate the institution
in any way or in any amount unless that person is specifically authorized to do so
in writing by the President. The University will assume no obligations except those
made by authorized signature authorities.
Review
The Director of Procurement and Contract Services is responsible for the review of this policy every four years (or whenever circumstances require immediate review).
Forms/Instructions
N/A
Appendices
N/A
Related Information
N/A
History
Amendments: Month, Day, Year – summary of changes
11/01/11: Formatted for Institutional Policies website.
02/20/13: Formatted for template. Minor editing throughout.