19.2 Standard and Non-Standard Contracts

Policy Statement

Only unaltered pre-approved Standard Contract Templates or properly approved Non-Standard Contracts may be used to enter into contracts to which the Board of Trustees of the University of Illinois is a party.

Reason for the Policy

The University of Illinois uses unaltered pre-approved Standard Contract Templates or properly approved Non-Standard Contracts to protect the system, comply with legal obligations, manage risk, and maintain consistency to the extent reasonably possible when facilitating business transactions.

Applicability of the Policy

This policy applies to all University of Illinois contracts.

Procedure

Units must follow the appropriate contracting process for each University of Illinois contract. The characteristics of the proposed transaction determine the appropriate contracting process to be followed.

Standard Contract Templates

Refer to 19.2.1 Standard Contract Templates for definition of Standard Contract Templates and processing requirements.

Non-Standard Contracts

Refer to 19.2.2 Non-Standard Contracts  for definition of Non-Standard Contracts and processing requirements.

Last Updated: July 13, 2021 | Approved: Vice President, Chief Financial Officer and Comptroller | Effective: July 2021