Contract means an agreement entered into by two or more parties with the intention of creating a legal obligation.

A contract doesn’t have to be in the form of a document signed by both parties.  It can be in the form of any one of the following:

• Authorization of purchase made by P-card
• Low value purchase order issued by the department
• High value purchase order issued by Purchasing Services
• Purchase order issued by one of University’s Purchasing Centres
• Signed agreement or contract
• Signed acceptance of supplier’s quote/proposal

Based on above definition, all purchases of the University are to be covered by contracts.