Category: Board of Trustees
Approval: Board of Trustees
Responsibility: Vice‐Principal, Finance and Administration
Date: March 2, 2018
Related Policies, Procedures and Guidelines
Capital Projects Approval Procedure
Space Planning Policy and Procedures (for projects less than $2.5 million)
Table of Contents
- Purpose/Reason for Policy
- Scope of this Policy
- Policy Statements
- Capital Projects Approval Process
Major Capital Project: A Capital Project with a cost in excess of $5 million.
Minor Capital Projects: A Capital Project with a cost between $2.5 million ‐ $5 million.
Capital Project: A Capital Project is a project that helps improve or augment university facilities. Capital Projects include, but are not limited to an expansion or renovation of an existing facility, leasehold improvements, the construction of a new facility, or the acquisition of land or other real property.
B. Purpose/Reason for Policy
This policy provides the basis for the governance process for all capital projects. It is intended to ensure an integrated, consistent, and transparent process of evaluating and making strategic decisions on Capital Projects.
C. Scope of this Policy
This policy applies to all university Capital Projects.
D. Policy Statements
The Board of Trustees is responsible for approving all Major Capital Projects.
The Vice‐Principal’s Operations Committee is responsible for approving all Minor Capital Projects.
This policy must be applied in conjunction with the Capital Projects Approval Procedure and the attached flowchart, which provide additional information on the governance process over Capital Projects
The Capital Projects Approval Procedure cannot be revised without consulting the Chair of the Board of Trustees or designate, or the Chair of the Capital Assets and Finance Committee (CAF) or designate, who will determine whether the proposed revisions require the approval of CAF or whether they can be approved by the Vice‐Principal’s Operations Committee.
The Vice‐Principal (Finance & Administration) is responsible for administering capital projects in accordance with this policy and related procedures.
For Major Capital Projects, the Principal / Vice‐Principals Committee (PVP) is the body responsible to ensure that projects to be undertaken support the overall strategic plans and direction of the university. The Vice‐ Principal’s Operations Committee (VPOC) is responsible for identifying the source and, subject to the approval of the project by the Board of Trustees, the amount of project funding for all capital projects.
For Minor Capital Projects, VPOC is the body responsible for ensuring that projects to be undertaken support the overall strategic plans and direction of the university. VPOC is also responsible for identifying the source and the amount of project funding for all capital projects.
Date for Next Review
Policies Superseded by This Policy
Major Capital Projects Approval Policy (Built
F. Capital Projects Approval Process
 In accordance with the Capital Projects Approval procedure, Minor Capital Projects do not include deferred maintenance projects as long as they have been presented to the Vice-Principal’s Operations Committee as part of an annual plan.