{
  "policy_name": "Third-Party Vendor Engagement & Spend Approval Policy",
  "effective_date": "2021-07-01",
  "owner": "Risk Management Department",
  "approver": "Chief Financial Officer",
  "thresholds": [
    {
      "role": "Associate",
      "requires_approval_at_or_above": 5000.0
    },
    {
      "role": "Senior Associate",
      "requires_approval_at_or_above": 5000.0
    },
    {
      "role": "Manager",
      "requires_approval_at_or_above": 10000.0
    },
    {
      "role": "Senior Manager",
      "requires_approval_at_or_above": 10000.0
    },
    {
      "role": "Director",
      "requires_approval_at_or_above": 10000.0
    },
    {
      "role": "Chief Financial Officer",
      "requires_approval_at_or_above": 10000.0
    }
  ],
  "rules": [
    {
      "id": "approval_required",
      "description": "When the engagement amount meets the role's threshold, pre-approval is required."
    },
    {
      "id": "evidence_in_portal",
      "description": "Approval must be evidenced within the Vendor Request & Approval Portal."
    },
    {
      "id": "appropriate_approver",
      "description": "Approval must be provided by the requestor's direct supervisor per the Org Chart."
    },
    {
      "id": "approval_timing",
      "description": "Approval must be obtained BEFORE the vendor is engaged externally. Retroactive approvals are not compliant."
    }
  ]
}