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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: ''' | Revised Date: '''02/07/20'''<br /> | ||
Reviewed Date: ''' | Reviewed Date: '''02/07/20''' | ||
<br /><br /> | <br /><br /> | ||
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== Bid Requirements and Documentation== | == Bid Requirements and Documentation== | ||
Micro-purchases: All supplies or services, in aggregate, under $ | 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 $ | 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. | ||