Purchasing Department Responsibilities, Ethics, and Conflict of Interest

____________________________________________________________________
FISCAL MANAGEMENT OPERATIONS GUIDE

Purchasing Department Responsibilities, Ethics, and Conflict of Interest

Purchasing Ethics

First consideration shall be given to the objectives and policies of the University of Texas System and it's component institutions.
Every effort shall be made to obtain the maximum ultimate value for each dollar of expenditure. Honesty in sales representation shall be demanded.
Buyers and others authorized by or under these regulations shall not accept personal gifts or gratuities that might in any way result in an obligation to individuals or firms seeking business.
All qualified, reputable bidders shall be given equal opportunity to submit bids on a uniform basis when competition is possible.
No bidder shall receive special consideration or be allowed to revise their bid after the time set for opening bids.
Any violations of these purchasing ethics shall be reported promptly by the Vice President for Business Affairs to the Executive Vice Chancellor for Business Affairs.

Further information of UT System Ethics Policies and Guidelines is available on UT System's web server http://www.utsystem.edu/bor/rules/MasterRRR.htm#_Toc12873797