Business Office

Affiliated departments and school


Procurement Act

Effective July 1, 2003 - Threshold Amounts Effective July 1, 2010

Concessions, including intellectual property

Requirements

Concessions for property, whether tangible or intangible, including the assignment, license, sale, or transfer of interest in or rights to discoveries, inventions, patents, or copyrightable works, must be:

  1. reduced to writing,
  2. duration and terms are at discretion of the University of Illinois.
  3. can be awarded at discretion of the University,

Notice of award of such concessions must be published in an electronic Procurement Bulletin.

Examples of such concessions include:
leases of space on University property, vending services, private food operations, etc.

Department Considerations

Department must provide information on award of such concessions to the appropriate personnel in the Office of Business Affairs or other appropriate office so appropriate advertisement can be made in the electronic Procurement Bulletin. Intellectual property concessions will be handled separately.

Once the appropriate OBA or other personnel to whom this information should be submitted have been identified, further details of this requirement for information will be provided to departments.



University of Illinois at Urbana-Champaign
Business Office
School of Chemical Sciences
340 Noyes Lab
MC-712 Box D-3
600 South Mathews Ave.
Urbana, IL 61801
Hours:
Monday thru Friday
8:00 a.m. to 4:30 p.m.
Please send comments and suggestions to:
scs-procreimb [at] scs [dot] illinois [dot] edu


For accounting and grants questions, contact
scsgrants [at] scs [dot] illinois [dot] edu