| Approval roles | Threshold | Notes |
|---|---|---|
| Fast Track | Up to and including £1,000 | Staff with fast track approval can self-approve on requisitions that they raise with a value of less than £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 £10,000 | Staff with delegated authority can approve requisitions under £10,000 and journals/virements under £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 £10,000 to £25,000 | Where there are no Fast Track or Delegate approval levels set, transactions valued at less than £10,000 will fall to the sub project manager for approval (Note for Estates Capital sub projects there are different approval levels – see separate table) |
| Project Manager | Between £25,000 to £50,000 | Any requisition between £25,000 and £50,000 will require approval by the project manager following approval by the sub project manager |
| Cost Centre Manager | Between £50,000 to £100,000 | Any requisition between £50,000 and £100,000 will require approval by the cost centre manager following approval by the sub project manager |
| Head of Department/Professional Services Director | Between £100,000 to £250,000 | Any requisition between £100,000 and £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 £250,000 to £500,000 | Any requisition between £250,000 and £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 £500,000 to £5,000,000 | Any requisition between £500,000 and £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 £5,000,000 | Any requisition over £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 – see separate table Procurement Approval Roles, Thresholds – Estates Only.