Board Rule 406

Per Section V of Board Rule 406,  certain contracts must be approved by the Board of Trustees:

• All contracts for goods or services, or both, involving an expenditure of $1,000,000 or more for the term of the contract (including all options, renewal, or extension periods) that were NOT procured through a competitive process;
• All consulting or professional services contracts involving an expenditure of $250,000 or more for the term of the contract (including all option, renewal, or extension periods), regardless of whether the contracts were procured through a competitive process;
• All contracts involving the receipt of $1,000,000 or more for the term of the contract (including all option, renewal, or extension periods)
• All information technology contracts or projects involving an expenditure of $750,000 or more for the term of the contract or project (including any extensions, renewals, upgrades or expansions to existing technology contracts or projects), regardless of the source of funds not otherwise listed on the Annual Technology Plan

Contact: University Contracts, (205) 934-0387, UABContracts@uab.edu