Aerial view of Bascom Hall and the UW–Madison campus

New contract approval policies provide flexibility

By Greg Bump, UW–Madison

The University of Wisconsin System Board of Regents last week approved revisions to contract approval policies that will provide greater flexibility for UW–Madison related to approval of research and clinical trials and athletic employment contracts.

Previously, Regent policy required any grant or contract of more than $1 million with private, for-profit organizations receive board approval. Under the revised policy, the UW–Madison chancellor has been granted the authority to approve contracts up to $5 million, with additional flexibility for gifts and contracts up to $10 million if the UW System President also approves. Read more …