The authorization to enter into a contract on behalf of Ramapo College is designated by the Board of Trustees. The President, Provost, Vice President for Administration and Finance, Controller or the Purchasing Director may enter into contracts whose value is below $100,000. The Associate Vice President for Administration and Finance may enter into a contract for construction only up to $100,000. Any binding contract regardless of value must be approved by the Vice President for Administration and Finance. A contract in excess of $100,000 requires the signature of Vice President for Administration and Finance and the President.
Reason for Policy
This policy strengthens financial practices of the College in accordance with internal control standards and State College Contracts Law.
To Whom Does the Policy Apply
All employees of the College
Approval Authority Levels located on the Purchasing Department Website
Director of Purchasing