Indiana University Seal

Purchase Order Award Criteria FIN-PUR-5.5

Scope

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Policy Statement

Awards shall be made employing a combination of the following criteria:

  1. Degree to which the item(s) or service quoted will best fill the University's requirements
  2. Price includes freight, payment terms, and life-cycle costing
  3. Delivery date
  4. Service
  5. Expertise
  6. Everything being equal, purchase will be made from local, state and U.S. vendors, in that order

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Reason for Policy

Cost may not be the sole criteria considered in the award of purchase.

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Definitions

Life-Cycle Costing: Includes total acquisition price, installation, annual operating and maintenance costs, and residual value.

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History

This policy was established on February 18, 1992.

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