Purchasing Procedure 4.5: Competitive Quotations
1. When this applies
Any purchase over $10,000, as required by Procedure 4.2.
2. $10,000.01 to $35,000
Get at least three written quotes. Attach them to your Purchase Requisition (Form PR-1).
3. Over $35,000
The Business Office runs a formal sealed bid. Contact the Business Office at ext. 2150 at least 8 weeks before you need the goods or services.
4. Exceptions
If only one vendor can provide what you need, explain why in a sole source justification attached to your requisition. The Vice President for Finance approves sole source purchases.