The information below will guide Contract Managers and those who are submitting contracts for review and signature through the Contract Approval Authority in accordance with F.O.M. 8 - Contracts and Purchase Orders (PO).

Contract Approval Authority

Contracts valued less than US$25K can be negotiated and executed (signed) by authorized staff and volunteers.
Contracts valued from US$5K to less than US$25K not requiring an Oracle PO should be forwarded to contracts@ieee.org for central filing.
Contracts valued less than US$25K requiring an Oracle PO should be electronically attached to the Oracle requisition.
All contracts with a stated or expected value at or above US$25K are negotiated and approved by authorized staff, executed (signed) by Strategic Sourcing at the IEEE Operations Center, after review by subject matter experts.
Reviewed by Staff, Legal, Volunteers as appropriate
Review by subject matter experts (SME) if appropriate
Approval required by the MC: US$25K+
Approval required by Originating Unit's Designated Volunteer Officer (Senior Volunteer): US$250K+
Approval required by Originating Unit's Designated Volunteer Officer (Senior Volunteer) for conference hotel, caterer and convention center contracts: US$1.5M+
Approval required by the Board of Directors: US$1.5M+
Reported to the Board of Directors: US$250K+

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