Single-Source Orders FIN-PUR-5.6
Orders placed with single-source pricing should be documented to indicate reasonableness of offer.
Reason for Policy
In certain instances competitive pricing may not be available or appropriate.
Sole-source orders over $25,000 must be presented to the Board of Trustees. Sole-source orders over $5,000 must be documented.
This policy was established on February 18, 1992.