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University or any entity identified herein or incorporated into
a resulting cooperative procurement, may participate in, sponsor,
conduct or administer a cooperative procurement agreement with
one or more other institutions, for the purpose of combining
requirements to increase efficiency or reduce administrative
expenses. Nothing herein shall prohibit the assessment or payment
by direct or indirect means of any administrative fee that will
allow for participation in any such arrangement. Agreements
initiated under the auspices of this clause shall be the sole
responsibility of the using institution (administration, financial,
enforcement, etc.). The initiating University shall be notified
by the using entity of the intent to utilize such an agreement
and of any resulting issues.
institution must sign off on the cooperative procurement agreement.
The agreement must address the conditions if an institution
withdraws from the agreement.