Contract Management

The Finance Director is responsible to review all contracts entered into by a school or division on behalf of the university for business terms, financial impact, clear end date, clear business purpose, etc. As part of the Contracts Review Process, Finance Directors are responsible for:

  • Following appropriate procedures to select a supplier and enter into a contract
  • Providing approval before contracts are routed to final signator
  • Ensuring suppliers are registered with the Procurement Department
  • Maintaining a Contract Log
  • Retaining original copies of contracts
  • Monitoring the obligations under the contract