Single-Source Orders
FIN-PUR-5.6
About This Policy
- Effective dates:
- 02-18-1992
- Last updated:
- 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.
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Policy Statement
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.
Procedures
Sole-source orders over $25,000 must be presented to the Board of Trustees. Sole-source orders over $5,000 must be documented.