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...Purchasing policy revised issued by office of the vice president for business and finance i general statement this outlines procurement practices goods services at clarke university addresses competitive bidding supplier selection approval issuance transactions methods authorizations required documentation ethical ii reason purpose with s diverse decentralized operations it is appropriate to establish an overarching guide responsible stewardship in expenditure funds entails proper combination price quality reliability requires that employees involved every step process take full responsibility understanding policies procedures regarding vendor relations meant support need get products a timely cost effective manner while ensuring processes are followed provide guidance end users making purchases on behalf iii principles goal transaction obtain best value as set forth certain require bids intended be consistent requirements federal regulations codified cfr b standards its conduct affair...