Authority to Sign Purchasing Contracts
Contracts are defined as:
- A legally binding promise, enforceable by law. An agreement between parties, with binding legal and moral force, usually exchanging goods or services for money or other consideration. All types of agreements, regardless of what they may be called, for the procurement or disposal of supplies, services, or construction.
- An agreement between a contracting authority and a person or business unit to provide a good, perform a service, construct a work, or to lease real property for appropriate consideration.
The authority to execute ¾Å¾Å¸£ÀûÍø contracts is vested in the President of the LSU System; however, the President has delegated to the Vice President for Finance and Administration a limited authority to execute ¾Å¾Å¸£ÀûÍø contracts. The Vice President for Finance and Administration has, in turn, delegated authority to the Assistant Vice President of Procurement and Property Management to execute certain ¾Å¾Å¸£ÀûÍø contracts that deal with the purchasing process.
No one else is authorized to sign purchasing contracts or agreements on behalf of the ¾Å¾Å¸£ÀûÍø. Unless special delegation has been granted to an individual within the department, any purchasing contract requiring a signature on behalf of the ¾Å¾Å¸£ÀûÍø should be routed to Procurement Services for approval.
Rev 5/19/21