Goods Leasing
As a non-profit institution there are few if any advantages to lease goods, equipment etc. In most cases it is more cost effective to purchase items outright. For all goods exceeding a value of $10,000. a life cycle cost analysis must be conducted. In the event a lease is proven to be the most cost effective method to procure goods the lease agreement must be signed by the Director of Procurement and Auxiliary Services or their designate.
|
