1. Knowledge Base
  2. Legal Affairs
  3. Contract vs Expenditure

Contract vs Expenditure

Is the University paying for a good or service? This is an expenditure that does not need to go through the TeamDynamix process. The person with the appropriate expenditure authority can go ahead with the purchase.  However, if the other party is getting more from the University other than just payment, the TeamDynamix
workflow should be used. Have more questions? Please consult our FAQ guide, which can be found here.

Contract Requiring Review Mere Expenditure (No Review Required)
An expenditure contract + exclusivity (that is, only use X for this type of service or product) An expenditure where only obligation on UD is to pay for the item
An expenditure contract + cloud storage of UD information Hotel stay at a known hotel franchise
An expenditure contract + accessibility through our web Booking of event space (unless in Europe, and unless one of the add-ons in the left column applies)
An expenditure contract + a foreign entity is the other party Database access (unless database in turn receives UD information or requires access to UD systems).  As an example, a subscription to a magazine’s website to be able to look up consumer ratings on various items and services.
An expenditure contract + access to our systems / facilities  
An expenditure contract + ability to advertise on UD space or sell their products in UD space  
An expenditure contract + ability to advertise on UD space or sell their products in UD space  
An expenditure contract that is in the form of a lease for an “asset” (i.e., an individual item is worth ≥ $5000)  

 

 

 

Was this helpful?
0 reviews

Details

Article ID: 95217
Created
Mon 1/6/20 10:49 AM
Modified
Mon 1/6/20 3:20 PM