Indiana University Institutional Policy - Negotiation
SUBJECT: Negotiation
SOURCE: University Director of Purchasing
POLICY NO: P - 5.3
DATE ISSUED: February 18, 1992
RATIONALE:
In a limited number of instances, the process of negotiation provides the best vehicle for establishing a working relationship including the price for a product or service.
POLICY:
Where appropriate, the Purchasing Department may use negotiation as an additional tool for establishing the best outcome. This process requires the prior approval of the University Director of Purchasing.
DEFINITIONS:
PROCEDURE REFERENCE:
CROSS REFERENCE:
RESPONSIBLE ORGANIZATION:
University Purchasing Department