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Effective: 3/15/1987 |
Revised: 11/1/2020 |
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PUR 202-01: Procurements Not Exceeding $25,000 |
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Purpose
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Define the requirements for Procurements that are $25,000 or less
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Source
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University policy
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Policy
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Procurements with an aggregate dollar value not exceeding $25,000
- do not require multiple quotes if the department determines the price is fair and reasonable
Procurements with an aggregate dollar value of $10,000-$25,000
Procurements using federal monies have additional requirements. See
PUR 300: Federal Procurement.
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