Value

Specifications

Less than $5,000

• No quotations needed
• Purchasers should use good judgment and refer to existing supply contracts and Group Purchasing Organization agreements

From $5,000 to $10,000

• Two informal, written quotations are required
•  Informal quotations via email are acceptable

From $10,000 to $75,000

• Three formal, written quotations on supplier letterhead are required

$75,000 and over

• Detailed, written scope should be prepared as part of the formal bidding process which includes a Request for Proposal (RFP) or Request for Quotation (RFQ) followed by a formal award of the bid.