Regents approve new Policy 13.I: Contracting Authority and Regent Notification and amendments to the related Policy 3.A
The Board of Regents formally approved the new Regent Policy 13.I: Contracting Authority and Regent Notification and conforming amendments to the related Policy 3.A: Definitions of Officers of the University – effective September 10, 2020.
The new policy requires the regents to be notified of any contracts contemplated to meet or exceed $10 million prior to finalizing a solicitation. Informing the board provides an opportunity to receive board feedback prior to spending commitments being made. Exceptions are made for certain clinical contracts, research contracts, contract renewals, and universitywide price agreements.
For more detailed information, go to https://www.cu.edu/regents/rlpreview#tabs-2.