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UID:22248-1749124800-1749128400@finance.utoronto.ca
SUMMARY:Lunch & Learn - June 2025 - Implementing the Procurement Restriction Policy
DESCRIPTION:The FAST team hosts a series of short (30 – 45 minute) virtual presentations on topics of interest for financial administrators at all levels. \nAll sessions will be recorded and presented by FAST\, and often in collaboration with other units. There is no registration required. \nThis session will be held on Thursday\, June 5th (12pm – 1pm) via MS Teams\, and will be presented by the F.A.S.T Team. \nTopic: Implementing the Procurement Restriction Policy \nAs communicated to the Divisional Finance Officers on April 17\, 2025\, the Province of Ontario recently announced a Procurement Restriction Policy that limits the University’s ability to engage with U.S. businesses for the purchase of goods or services. While approximately 90% of The University of Toronto’s procurement spend is already directed to Canadian companies\, the Procurement Restriction Policy applies to all new procurements\, except in circumstances where engagement with a U.S. business is justified by necessity. \nA U.S. Business is defined as any company headquartered in the U.S. with fewer than 250 full-time employees in Canada. Purchases from U.S. Businesses are still permitted if the vendor is the only viable source for the good or service being purchased and if the procurement of that good or service cannot be delayed. Appropriate justification\, documentation\, approval requirements\, and reporting obligations apply. \nRegister for the Lunch and Learn information session \n\nHave any ideas for topics we could cover? Take a few minutes to COMPLETE THIS SURVEY to submit your ideas for future topics. \nIf you have any questions\, please contact rames.paramsothy@utoronto.ca.
URL:https://finance.utoronto.ca/event/lunch-learn-june-2025-implementing-the-procurement-restriction-policy/
LOCATION:MS Teams
CATEGORIES:FAST Lunch and Learn,Information Sessions,Training,Workshops
ORGANIZER;CN="Sandra Nelson":MAILTO:sandy.nelson@utoronto.ca
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