5. Purchasing and Payments

Bulletin: Deferred Implementation of Government Uniform Guidance for Procurement Standards (Posted February 25, 2015)

The United States Government, Office of Management and Budget (OMB), sets forth standards (as documented in OMB Circular A-110) for obtaining consistency and uniformity among Federal agencies in the administration of grants to and agreements with institutions of higher education, hospitals, and other non-profit organizations. These standards, referred to as Uniform Guidance, include procurement standards related to code of conduct, competition, procurement procedures, cost and price analysis, procurement records, contract administration, and contract provisions.

With prior authorization from the Office of Management and Budget (OMB), Stanford has deferred the implementation of any changes to procurement policies and procedures for the time being. Over the course of the next year Stanford will develop procurement standards, policies and procedures consistent with the Uniform Guidance. Until further notice please continue to follow all current Stanford policy and procedures and designated sponsor terms and conditions.

Purchasing policies in this chapter cover:

• Financing of purchases
• Requisition processing, including blanket purchase orders, equipment and real estate leases, purchasing cards, and equipment loans to Stanford
• Unique transactions, such as membership dues