Contract Execution Timeline
University policy requires all contracts to be executed by the parties prior to the start date for services. (reference UHS Administrative Memorandum 03.A.05) Therefore it's important that sufficient lead time is provided for proper Contract Execution. The table below illustrates typical contract processing times:
Type of Contract | Lead Time Required | Why Lead Time is Necessary | ||
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Contract Services Agreement | 10 days |
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Contracts for consulting services less than $15,000. | 15 days |
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Non-Standard contracts (contracts that have not been previously certified as standard agreements by the Office of General Counsel) | 30 days |
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Any contract for which Board of Regents approval must be obtained | 60-90 days |
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Consulting services in excess of $15,000 including reimbursables | 60-90 days |
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Any contract for which a total payment of more than $25,000 will be made for goods or services | 60-90 days |
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Contracts to obtain the services of foreign nationals (length of time for processing varies). | 30 days |
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