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Contract review process hits
new high help
needed to keep up with trend
According
to UNT policy, all proposed contracts for goods and services must be reviewed
by the Office of the Vice Chancellor and General Counsel before they can
be executed.
UNT Assistant
General Counsel Chong Choe reports that, last year, about eight out of
10 contract proposals were processed in three days or less. However, as
the numbers continue to grow, he says, the legal office will need help
from other university
departments to maintain the high efficiency rate.
The legal
office reviewed 1,882 contracts between the
university and providers of goods or services in the 2001-02 fiscal year.
Of that number, Choe says, 82.7 percent were reviewed and forwarded for
approval within 72 hours. An additional 10.8 percent of the contracts
were reviewed and forwarded for approval within two weeks
raising the percentage of the total in that time frame to 93.5.
The trend
over the past three years indicates that the number of contracts to be
processed will continue to increase, Choe says. During the 1999-2000 fiscal
year, 1,429 contracts were reviewed, and 1,599 contracts were reviewed
during the 2000-01 fiscal year.
Choe has
outlined several ways that university departments can help in the contract
review process:
- Forward
electronic copies of contracts to the legal office for easier review
and faster turn-around.
- Provide
contact names and addresses of individuals who have the ability to negotiate
changes.
- Whenever
possible, negotiate state-mandated changes prior to forwarding contracts
for legal review. (Such changes include the addition of standard alternative
dispute resolution, the deletion of indemnification and arbitration
provisions and the changing of governing law clauses to Texas.)
- Always
feel free to contact the legal office at 565-2717 as soon as possible
when the need for a contract arises or for items such as language for
standard alternative dispute resolution and arbitration provisions.
Other featured articles in
this issue

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