Single-Source Orders
FIN-PUR-5.6
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 A few FIN-PUR policies have been rescinded or converted into Standard Operating Procedures, and the History section contains that information as well.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
- 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.
- Print or view a PDF of this policy
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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.
Please note: This is an archived version of the policy. View the current version.