Finance
Records relating to the management of York University and unit financial resources.
FIN40
Procurement
Consists of records relating to acquisition of goods and services including bid and competitive selection processes. Records may include specifications, requests for proposals (RFP), requests for tender (RFT) or requests for quotes (RFQ), vendor proposals and bids, bid tabulation sheets and records of all bids received (successful and unsuccessful), department requisition forms, purchase orders and contracts, related documentation and correspondence.
Office of Primary Responsibility
Procurement Services or signing unit
Retention
Until contract superseded (for renewed or extended contracts) or until 1 year after contract expired or action completed unless there is a longer warranty, in which case documentation retained for length of warranty
Disposition
Destroy
Other Copies
Retention
Until operational use ceases
Disposition
Destroy
See Also
ADG35 - Contracts and Agreements for signed copies of contracts held by the University Secretariat
FIN10 - Accounts Payable for documentation of financial accountability
Retention Rationale
Retention based on anticipated operational use.
Filing Guidelines
A signed copy of any financial agreement or debenture with a value over $100,000 or a term of 5 years or more when worth over $50,000, or that is university wide when worth over $50,000, or that is complex when worth over $50,000 shall be deposited with the University Secretariat.
Approved by University Secretary and General Counsel on 2008-06-20