Is there a process UM uses to enter into business contracts for purchases of goods or services or for real estate transactions?
Yes. The University Office of Procurement handles or oversees most purchasing transactions. See http://www.umich.edu/~purch/ for detailed information on the services it provides. In particular, all purchases must abide by SPG 507.01 (.pdf document). Probably the most efficient way to initiate a business transaction is to contact the Procurement Buying Agent that works with your academic or business unit. He or she can advise you on the various University requirements that must be followed for your particular purchase or contract. In fact, most purchases of goods or services can be completed using form contracts maintained by Procurement and previously approved by the Office of General Counsel. If additional advice is needed for your contracting situation from other University units, including legal advice from the Office of General Counsel, coordination in obtaining that advice would be handled by Procurement. Real estate transactions – purchases, sales or leases are all coordinated by
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