Capital items include expenditures for new construction, building renovations and additions, scientific, office and plant equipment, and technology-related items that will benefit your department for at least three years.  This policy applies to all projects or purchases with a total cost of $5,000 or more, including an aggregate purchase for multiple capital items that individually are less than $5,000.

All capital projects and purchases must be documented on an online CAPITAL PROJECT/ PURCHASE AUTHORIZATION FORM (the FORM) that is available on our web site at http://www3.davidson.edu/cms/x3655.xml.  Completion of the form ensures that funding sources are identified and charged in advance for all capital items. This will enable the Business Services Office to monitor expenditures for compliance with the approved budget for the project or expenditure.