Signing Authority
Web Requisitons (WebReq) require approval by the FAST account holder or delegate.
The framework to support and govern the authority to purchase goods and services, commit UVic funds and enter into contracts is outlined in the Signing Authority Policy (FM5100). It outlines three specific types of approvals:
- One-over-one approval
- Account holder or delegate approval
- Commitment authority*
*Commitment Authority is the authority to commit the University to legally binding contracts with external parties by signing contracts. No person may sign any document that creates an obligation or undertaking on behalf of the University unless authorized as per Schedule A of the Signing Authority Policy (FM5100)
Purchasing Officers are authorized to sign contracts on behalf of the University. Please reach out to your Purchasing Officer if you are planning on contracting for services.
*NEW* Follow this link to learn more about the new Approval Authority tool in FAST Finance, effective November 2024.