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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 and should be submitted as a requisition in iProcurement.
- 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 and require the submission of a requisition in iProcurement.
- 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+
