| Approval roles | Threshold | Notes |
|---|---|---|
| Fast Track | Up to and including 拢1,000 | Staff with fast track approval can self-approve on requisitions that they raise with a value of less than 拢1,000 (i.e. once the requisition is raised no further approval is required). There is no restriction to the number of fast track approvers within a department but staff will only receive this role if requested by the Head of Department. |
| Delegated Authority | Up to and including 拢10,000 | Staff with delegated authority can approve requisitions under 拢10,000 and journals/virements under 拢10,000. There is no restriction on the number of staff with delegated authority within a department but staff will only receive this role if requested by the Head of Department. This will reduce the volume of transactions requiring approval by Sub Project Managers |
| Sub Project Manager | Greater than 拢10,000 to 拢25,000 | Where there are no Fast Track or Delegate approval levels set, transactions valued at less than 拢10,000 will fall to the sub project manager for approval (Note for Estates Capital sub projects there are different approval levels 鈥� see separate table) |
| Project Manager | Between 拢25,000 to 拢50,000 | Any requisition between 拢25,000 and 拢50,000 will require approval by the project manager following approval by the sub project manager |
| Cost Centre Manager | Between 拢50,000 to 拢100,000 | Any requisition between 拢50,000 and 拢100,000 will require approval by the cost centre manager following approval by the sub project manager |
| Head of Department/Professional Services Director | Between 拢100,000 to 拢250,000 | Any requisition between 拢100,000 and 拢250,000 will require approval by the Head of Department/Professional Services Director following approval by the sub project manager |
| Dean/Chief Commercial Officer/Director of Finance | Between 拢250,000 to 拢500,000 | Any requisition between 拢250,000 and 拢500,000 will require approval by the Dean/Chief Commercial Officer/Director of Finance following approval by the sub project manager |
| Chief Financial Officer/Vice Principal | Between 拢500,000 to 拢5,000,000 | Any requisition between 拢500,000 and 拢5,000,000 will require approval by the Chief Financial Officer / Vice Principal following approval by the sub project manager |
| Chief Financial Officer and Vice Principal | Greater than 拢5,000,000 | Any requisition over 拢5,000,000 will require approval by the Chief Financial Officer and the Vice Principal following approval by the sub project manager |
*Note for Estates Capital sub projects there are different approval levels 鈥� see separate table Procurement Approval Roles, Thresholds – Estates Only.