Guest A person who enters a campus for an educational, research, or public service activity, and not primarily to purchase or receive goods or services not related to the educational, research, or public service activities of the university. The construction to be performed is specified in job orders issued during the contract. Finance services, maintenance services, operations services, preconstruction services, design services, and other related services may be included. Any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind that is provided, directly or indirectly, to any prime contractor, prime contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a subcontract relating to a prime contract. An agreement for the right to use property for a specified period at a specified cost.
Title remains with the lessor.
At no time does the lessee build equity in the property. Purchase An agreement for the right to use property for a specified period at a specified cost. During the term of the lease, the lessee builds equity at a specified rate so that at the end of the lease period, the lessee has the option of purchasing the property at a specified amount. Title to the property remains with the lessor until the lessee exercises the option to purchase. A minor deviation from the prescribed form that, when corrected, is not prejudicial to other bidders nor harms the university in any way.