Introduction to Contracts
What is a Contract
An agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration and must include specific elements. A contract may be in the form of an agreement, proposal, statement, notice, resolution, letter, memorandum of understanding (MOU), memorandum of agreement (MOA), purchase order, license, indenture, grant, cooperative agreement, etc. In addition, such documents may go by other names as well.
Procurement Services will help
- Manage the contract review process
- Obtain authorized University signatures
Contracts are typically established through the competitive solicitation process.
UW contracts are impacted by rules and regulations
Delegation of purchasing authority
UW Contracts - these are contracts that have been created by or are being managed by a UW Buyer. If you are unable to locate the product or service needed when searching UW Contracts, other options available include:Procurement Teams can provide assistance with questions about these and other contracts.