Rick Miller, Vice President and General Counsel
Old Main 204
1000 E. University Ave.
Laramie, WY 82071
A contract is an agreement (oral or written) between two or more parties where there is a mutual exchange of promises or other consideration upon defined terms and/or conditions. Although contracts for the University of Wyoming are primarily written documents, there can be enforceable oral contracts. Written contracts may take many forms including:
What is a good?
Goods are defined as supplies, materials, and equipment purchased by University departments.
For example, these are all considered goods:
What is a service?
Services are defined as labor, time, or effort furnished by an outside entity to the University.
For example, these are all considered services:
Services are (usually) expenses charged to expenditure account codes in the 9xxxxx category.
If a purchase involves both a good and a service (for example, you purchase a piece of equipment and the company provides training to University employees on how to use the equipment), then the purchase should be treated as a service.
Effective July 1, 2014, the University raised the threshold for contracts for services and for use of a purchase order (PO).