Regents' Policy Manual - Section 7.12: Approval of Construction Projects

Adopted Date: 09-12-1996
Amended: 04-08-2014

Applicability

This policy applies to University construction projects.

Policy

In accordance with laws and regulations of the State Higher Education Department and Board of Finance as may be amended from time to time, the following construction projects shall be presented to the Board of Regents for approval:

1. Any addition of square footage or construction of new building; 

2. Any alterations, site improvement, or other major project costing over $300,000 or, for branches, over $50,000.  (Note: Higher Education Department approval is required for major projects costing over $300,000; Board of Finance approval is required for major projects costing over $750,000); 

3. Any revised, previously approved project, if the total project cost increases by 10% or $100,000, whichever is greater; or if the size increases by more than 10% or 1,000 NSF, whichever is greater; or if the type or purpose of the space changes by 10% or more.

This policy does not apply to the purchase of equipment.

Implementation

The President may adopt administrative policies and procedures to implement this policy and provide for review and approval of all construction projects.

References

New Mexico Procurement Code, § 13-1-28, et seq., NMSA 1978; § 13-1-21, et seq. (resident preference); § 13-4-1 (public works contracts); § 21-1-21 (capital expenditures).

Expenditures for the construction of or additions to buildings or major projects including major remodeling must be approved by the Higher Education Department and the State Board of Finance, per statute and regulations of the Higher Education Department and Board of Finance § 21-1-21 NMSA 1978.