The contracts requiring IHL approval that employees are most likely to encounter include:
- Contracts for personal property or service contracts requiring an aggregate total expenditure of more than $250,000.00.
- Contracts for any bookstore, food service, or athletic concession projected to generate aggregate revenues of more than $250,000.00, or projected to last more than four years.
- Leases, easements, oil and mineral leases and timber sales
Depending on your position and your department, you may have contracts every month that need IHL approval, or you may never have one.