Contracts

 

   

A contract is a written agreement for the purchase or disposal of supplies, services, insurance, equipment or construction. To be effective, a contract must include an offer and acceptance by competent parties to furnish goods and/or services for an agreed monetary consideration.

Procurement Uses Three Types of Contracts Procurement Originates Three Types of Contracts
  1. Blanket Agreements. These contracts establish the commitment of a supplier to furnish the purchaser's requirements for items or services on an as-required basis.
  2. Term Contracts. These contracts establish a source of supply for goods or services during a specified period of time.
  3. Requirements Contracts. These are agreements in which the supplier agrees to supply all of the purchaser's normal requirements for an item(s) at a specified price during a specified period.
  1. University Contracts. Elicited by Procurement, these contracts are specifically intended either for university-wide purposes or for a specific school/department.   Example: Filtered Water, Office Supplies etc.
  2. Governmental Contracts and Other University Contracts. These contracts are entered into by other governmental institutions and/or other universities.  These agreements have a "piggyback" clause acknowledged by the contractor and may be used by other non-profit entities and institutions of higher-education, such as GW.
  3. Cooperative Purchase Contracts.  These are contracts where two or more named entities combine their requirements in order to realize a volume cost advantage. GW may use these contracts even if not specifically named in the original cooperative purchase.

Use of University Contracts

Whenever Procurement has executed a contract for a particular commodity or service, schools and departments are encouraged to order from that contract. Contracts established for university-wide use can be found on the Procurement website at University-wide Agreements and through iBuy+.

Execution of Contracts/Agreements

Only individuals that have received specific delegation of authority are authorized to sign contracts that bind the university for the purchase of goods, services, insurance or construction. Please see the Signing of Contracts and Agreements Policy for further information, or visit the Procurement website for the Signature Authority Table.

Contracts should be processed in accordance with the Contract Process Guide

For further questions on contracts and delegation, please contact Procurement or the Office of the General Counsel.