PROCEDURE SOURCE:
Purchasing & Material Management
PROCEDURE NO: 121
PAGE NO.: 1 OF 2
SUPERCEDES: 0
TITLE: Purchasing Code of Ethics
SUBMITTED BY: Thomas K. Dove
REVISED DATE: October 07, 2011
APPROVED BY: Claire P. Wurmfeld
I.
PURPOSE
To define the standards to be followed by Florida Tech.
II.
SCOPE
This Procedure applies to all employees charged with committing University money.
III.
PROCEDURE
University employees shall maintain high ethical procurement standards in all dealings with
contractors and suppliers by:
1.
2.
3.
4.
5.
6.
7.
Giving first consideration to the objectives and Procedure of the University, including the
Employee Handbook.
Striving to obtain the maximum value for each dollar of expenditure.
Declining personal gifts and gratuities, and by not seeking items for personal gain.
Granting all competitive suppliers equal consideration insofar as state and federal statutes
permit.
Conducting business with potential and current suppliers in an atmosphere of good faith,
devoid of intentional misrepresentation. Purchasing practices will not be influenced by Alumni
or Donor status.
Demanding honest sales representation whether offered through the medium of a verbal or
written statement, an advertisement, or a sample of the product.
Receiving consent of originator of proprietary ideas and designs before using them for
competitive purchasing purposes.
8. Making every reasonable effort to negotiate an equitable and mutually agreeable settlement,
arbitration or review by a third party for review, insofar as Procedure of the University permits.
9. Cooperating with trade, industrial, and professional associations, and with governmental and
private agencies for the purposes of promoting and developing sound business methods.
10. Fostering fair, ethical, and legal trade practices.