Purchase Order Award CriteriaFIN-PUR-5.5
All Indiana University units and employees.
Awards shall be made employing a combination of the following criteria:
- Degree to which the item(s) or service quoted will best fill the University's requirements
- Price includes freight, payment terms, and life-cycle costing
- Delivery date
- Everything being equal, purchase will be made from local, state and U.S. vendors, in that order
Reason for Policy
Cost may not be the sole criteria considered in the award of purchase.
Life-Cycle Costing: Includes total acquisition price, installation, annual operating and maintenance costs, and residual value.
This policy was established on February 18, 1992.