Skip to content
UW Policy Directory

Regent Policy No. 60 – Statement of Business Equity for the University of Washington

Table of Contents

    d

1.  Purpose

The purpose of this statement is to encourage the provision of the maximum practicable, legally allowable contracting and procurement opportunities to a supplier pool that includes local, small, diverse, and veteran-owned enterprises; and to ensure that equity of opportunity guides the business practices of the University of Washington.

2.  Scope

This policy applies to all schools, colleges, administrative units, and medical centers on all campuses and is overseen by Procurement Services within the Office of Finance, Planning & Budgeting.

3.  Policy

It is the policy of the University of Washington to:

  • Conduct its contracting and procurement activities in a manner that is fully compliant with all applicable state and federal laws and regulatory requirements;
  • Provide leadership that promotes equitable access to business opportunities, reflects transparency, and supports the economy of the state of Washington;
  • Create and provide a welcoming environment and improve relationships with all suppliers and contractors, expand awareness of opportunities, reduce barriers to participation, and encourage competition;
  • Meet the University’s need for construction, design, and procurement services at the lowest overall total cost or best value, as applicable, determined based on merit and qualifications, while affording the maximum practicable access to opportunity to those who wish to become suppliers or contractors for the University;
  • Establish and maintain equitable contracting and procurement practices that engage local, small, diverse, and veteran-owned business enterprises; and
  • Engage with all local, small, diverse, veteran-owned business enterprises in a manner consistent with state outreach and participation planning requirements.

BR, September 10, 2015; [formerly numbered Regent Policy No. 16] July 11, 2019; September 10, 2026.