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Purchasing: Difference between revisions
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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. | 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 $ | 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 $1,000,000, a written report is sent to the Board of Regents. Commitments greater than $2,000,000 must be approved by the Board of Regents prior to the issuance of a purchase order. | ||
All purchases over $150,000 must be coordinated through the [http://info.unmc.edu/procurement/procurement/ UNMC Procurement Office]. | All purchases over $150,000 must be coordinated through the [http://info.unmc.edu/procurement/procurement/ UNMC Procurement Office]. | ||