Purchasing and Business Services Manual (PUR)

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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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