Vendor Gift Policy
Revised October 29, 2001
University of Michigan
Business and Finance
Vendor Gift & Gratuity Policy
As a public institution, the University of Michigan is committed to an environment that
fosters open decision-making, practices, and policies. One business objective is to
select vendors and suppliers on the basis of the quality of their respective products and
services; and to do so in a manner that any interested citizen can see that we, in fact,
live up to our stated principles.
The Business and Finance Division (B&F) at the University of Michigan is comprised of
many diverse departments that interface with a variety of businesses in the public sector
with differing norms of business behavior. Due to this diversity and the breadth of job
responsibilities among its many employees, the following Vendor Gift and Gratuity
Policy is meant to offer further definition and clarification to the existing language
contained in the Gifts and Gratuities section of the University of Michigan Standard
Practice Guide (Section 507.1: Purchasing - General Policy and Procedures).
This Vendor Gift and Gratuity policy is intended to clarify and define the limits of
acceptable employee behavior within the Business and Finance Division. It is
recognized and understood that some or all B&F units may opt for a more stringent or
"no tolerance" policy. Further, this policy in no way exempts employees from
conformance with specific Codes of Conduct for their respective professions.
Gifts, gratuities, and entertainment are defined as anything given as a result of a
business relationship for which the recipient does not pay fair market value. This
includes such things as meals, material goods, travel and accommodations, tickets to
sporting or cultural events, golf outings, and any other merchandise or services.
Typically, business gifts, services, gratuities, and entertainment are forms of courtesies
designed to build and/or enhance teamwork, partnerships, and goodwi