Contracts for Professional Services
Effective July 1, 2004, the dollar limit on Contracts for Professional Services requiring vice chancellor approval has been raised to $10,000.
Under $10,000:
- Complete contract in FFN
- Print the contract
- Vendor signs the contract
- Person with delegated signature authority signs the contract
- Department retains a copy of the printed contract
- A copy of the printed PVC is sent to the Business Office for retention purposes
$10,000 and over:
- Complete contract in FFN
- Print the contract
- Vendor signs the contract
- Person with delegated signature authority signs the contract
- Vice chancellor signs the contract (next to the delegated person's signature)
Send the signed contract to Karen Hansen in the Business Office (210 DAdB)
for final processing and signature by Purchasing - Purchasing sends a copy
of the completed document to the department.
If your department does not have FFN access, the UMD Business Office has staff
available and trained to enter Contracts for Professional Services (CPS) into
Financial FormsNirvana for departments wanting to utilize such services (free
of charge). A division in FFN has been established that will route your CPS
to the correct authorized approver in your collegiate unit. The current CPS
Paper form can be used as a worksheet in assisting the Business Office in
preparing the FFN CPS; send it to the Business Office at 209 DAdB. For questions,
contact Karen Hansen (khansen2) or Greg Sather (gsather).