- $25,000 or less: Competitive bids are not required
- $25,000 - $50,000: Procurement and Payment Services will solicit formal quotations from a minimum of three responsible suppliers
- $50,000 or more: Procurement and Payment Services will solicit formal quotations from a minimum of five responsible suppliers
For more information, see University Policy 3.25, Procurement of Goods and Services or the Purchase Order Process section of the Buying Manual.