Procurement Policies – Competitive Bidding Thresholds

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Procurement Policies – Competitive Bidding Thresholds

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A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

Currently, our policy is to competitively bid all purchases above $2,500 unless approved for a single or sole source.

1. Do you have a monetary level set for required competitive bids? If so, what is it?

2. Do you have a monetary level set for required reverse auctions? If so, what is it?

3. Are there different levels set for materials versus services? If so, please describe.

4. Do you have different levels for different subsets of materials or services? If so, please describe

5. Does being on an approved vendor list (for services) with negotiated rates allow for the bypass of the competitive bid or sole/single source approval?

6. What is your policy on who can buy goods or services below these levels? Are there certain commodities or services that always go through a buyer regardless of dollar amount?

Summary of Responses

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