University Policies

Single-Source Orders FIN-PUR-5.6

• Scope
• Policy Statement
• Reason for Policy
• Procedures
• History

Scope

-

Back to top

Policy Statement

Orders placed with single-source pricing should be documented to indicate reasonableness of offer.

Back to top

Reason for Policy

In certain instances competitive pricing may not be available or appropriate.

Back to top

Procedures

Sole-source orders over $25,000 must be presented to the Board of Trustees. Sole-source orders over $5,000 must be documented.

Back to top

History

This policy was established on February 18, 1992.

Back to top