Administrative Regulation Title:Ìý Guidelines for Establishing Long-term Professional Relationships
Regulation Number:Ìý 6.0.3
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91ºÚÁÏ may enter into a contract for professional services for a specified task (e.g., annual financial audit) by the bidding process.Ìý However, it is acknowledged that it may not be in the best interests of 91ºÚÁÏ or otherwise feasible to request “bids” for the performance of routine professional services that may be required from day to day at the College.
Accordingly, 91ºÚÁÏ may enter into long-term professional relationships with various professions when the Board of Trustees determines that it is in the best interests of the College to enter into such relationships.
When entering into such relationships, the professional shall clearly set forth the hourly rate at which professional services shall be performed. Such hourly rate shall not be increased without the express written consent of 91ºÚÁÏ.
91ºÚÁÏ shall receive a specific account of all services performed and the time spent by the professional performing such hourly services before professional fees are paid.
When the Board of Trustees decides to enter into long-term relationships with professionals, such continued relationship shall be subject to the sole discretion of the Board of Trustees after consultation with the College President.
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Original Adoption Date: 2/10/98
Revision Date(s):Ìý11/ 8/ 05(RF), 2/11/14
Date reviewed, no change:Ìý1/14/20