Purchase Order Award Criteria
FIN-PUR-5.5
Note: In 2019, university policies related to university purchases (formerly FIN-PUR-01 through FIN-PUR-35) were updated and consolidated into FIN-PURCH-01 through FIN-PURCH-14. The History section of this policy contains complete information on where the topics covered by each FIN-PUR policy can be found in FIN-PURCH. A few FIN-PUR policies have been rescinded or converted into Standard Operating Procedures, and the History section contains that information as well.
About This Policy
- Effective Date:
- 02-18-1992
See current policy
- Date of Last Review/Update:
- 07-26-2016
- Responsible University Office:
- Procurement Services
- Responsible University Administrator:
Vice President and Chief Financial Officer
- Policy Contact:
Jill Schunk
Associate VP, Office of Procurement Services
jschunk@iu.edu
- Policy Feedback:
- If you have comments or questions about this policy, let us know with the policy feedback form.
Policy Statement
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
- Service
- Expertise
- Everything being equal, purchase will be made from local, state and U.S. vendors, in that order
Definitions
Life-Cycle Costing: Includes total acquisition price, installation, annual operating and maintenance costs, and residual value.
Please note: This is an archived version of the policy. View the current version.