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 University contracts is vested in the President
of the LSU System; however, the President has delegated to the Vice
Chancellor for Finance and Administrative Services a limited authority
to execute University contracts. The Vice Chancellor for Finance and
Administrative Services has, in turn, delegated authority to the
Director of Purchasing to execute certain University contracts
that deal with the purchasing process.
No one else is authorized to sign purchasing
contracts or agreements on behalf of the University. Any purchasing
contract requiring a signature on behalf of the University should
be routed to the Office of Purchasing for approval.
