Purchasing: Difference between revisions

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Policy No.: '''5000'''<br />
Policy No.: '''5000'''<br />
Effective Date: '''04/01/01'''<br />
Effective Date: '''04/01/01'''<br />
Revised Date: '''06/01/18'''<br />
Revised Date: '''02/07/20'''<br />
Reviewed Date: '''06/01/18'''
Reviewed Date: '''02/07/20'''
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== Bid Requirements and Documentation==
== Bid Requirements and Documentation==
Micro-purchases: All supplies or services, in aggregate, under $10,000 may be made without quotations if the price is considered reasonable.
Micro-purchases: All supplies or services, in aggregate, under $50,000 may be made without quotations if the price is considered reasonable.


Small purchases: Purchases where an expenditure is between $10,000 and $150,000 requires evidence of an adequate number of quotes or bids. The department is required to keep evidence of price quotations, by attaching them to e-requisitions. The UNMC Procurement Office is available to assist in this process.
Small purchases: Purchases where an expenditure is between $50,000 and $150,000 requires evidence of an adequate number of quotes or bids. The department is required to keep evidence of price quotations, by attaching them to e-requisitions. The UNMC Procurement Office is available to assist in this process.


Except as otherwise provided in the Purchasing policy, most purchases committing the University to an expenditure of $150,000 or more require competitive bids. Where competitive bids are called for, a minimum of fifteen (15) days shall elapse between the time bids are advertised or sent and the time of their due date. In the event that the commitment exceeds $250,000, a written report is sent to the Board of Regents. Commitments greater than $400,000 must be approved by the Board of Regents prior to the issuance of a purchase order.  
Except as otherwise provided in the Purchasing policy, most purchases committing the University to an expenditure of $150,000 or more require competitive bids. Where competitive bids are called for, a minimum of fifteen (15) days shall elapse between the time bids are advertised or sent and the time of their due date. In the event that the commitment exceeds $250,000, a written report is sent to the Board of Regents. Commitments greater than $400,000 must be approved by the Board of Regents prior to the issuance of a purchase order.  

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