Common use of Approval Thresholds Clause in Contracts

Approval Thresholds. 1. For procurements of any items with a total value, $10,000.00 and below no COR or KO approval is required. 2. For procurements of any items with a total value between $10,000.01 and $150,000.00 COR approval is required. 3. For procurements of any items (excluding software licenses) with a total value between $150,000.01 and $700,000.00, COR and KO approval is required. If the COR approves the request, the COR shall provide the request for approval to the KO. The KO shall provide notification of disapproval or approval to the COR and Contractor.

Appears in 4 contracts

Samples: Contract, Contract, Contract

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