Vendor Information Guide

Bid Thresholds

Acquisitions less than $50,000 do not require competition unless the university determines that competition is necessary to develop sources, validate prices or for other sound business reasons.

Acquisitions greater than $50,000 and less than $100,000 may be awarded to a Certified Small Business as long as the buyer has obtained price quotations from two or more Certified Small Businesses.

Acquisitions of $50,000 or greater are formally bid and awarded to the lowest responsible bidder meeting specifications, except in cases when it has been determined that only one source or one brand or trade name will properly meet the university’s needs.