The system of record for university-wide financial transactions.
- Scope of Work (SOW)
Describes the outcome or end result sought by the buyer rather than describing how to accomplish that result.
- Sole Source Purchase
Restrictive sole source proprietary specifications shall not be used, except in cases of emergency or in cases involving the purchase of unique (including matching existing equipment or software) or non-competitive articles or services. Each request for a sole source purchase shall be accompanied by written justification from the requesting unit. Each sole source purchase must have prior written approval by the principal business officer [RP 22.214.171.124 (b).]
A description of a good or service to enable bidders to know precisely what is being purchased and to assist the end-user in defining or describing their requirements.
- State Funds
State funds are defined as any held and disbursed monies by the State Treasurer, regardless of the original source. In other words, contracts leading to expenditures funded from revolving, auxiliary, federal, private, and trust funds are reportable under LB429.
- Statement of Work (SOW)
Proposed solution by the successful proposer responding to the Scope of Work in a solicitation.
- Strategic Sourcing
Methodology to analyze what and how a jurisdiction acquires products and services with the objectives of lowering costs to the organization and improving supply fulfillment.