Purchasing goods and services - the limits of delegated financial authority
Posted by David Worth | 23 Sep, 2011UCT's Procurement and Payment Services Dept issues a number of policies, and useful guidelines, which all CHED fundholders and admin staff are encouraged to look at. Particularly important are the 'threshold values for purchasing'; and the associated list of 'delegated authorities', which specifies the amounts above which the authorisation of the Dean, or in some cases the Executive Director (Finance) or Registrar need to be sought.
These issues become particularly important when it comes to contracts for consultants, or the sourcing of high value goods or services.