Common use of Purchase Policy Clause in Contracts

Purchase Policy. The Director of Finance is authorized to make or approve purchases or financial expenditures on behalf of NSNU Board of Directors in accordance to the following policy. It is expected that employees will adhere to the concept of “best business practices,” ensuring that all financial purchases and decisions are evaluated against competing priorities, and that a reasonable effort is made to make a prudent decision based on rational cost/benefit analysis and comparison.