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Procurement Methods

 
    • *May be used when contract value is less than $10,000
    • Must be compliant with 2 CFR § 200.67 and 2 CFR § 200.320(a)
    • Micro-Purchases Checklist (Coming Soon!)
    • Also known as 3 Bids and a Buy
    • Must be compliant with 2 CFR §200.320)(b)
    • *May be used when contract value is less than $250,000
    • Small Purchases Checklist (Coming Soon!)
    • Procurement tool used: Invitation for Bid (IFB)
    • *Must be used when contract value is greater than $250,000
    • Must be compliant with 2 CFR §200.320)(c)
    • Sealed Bid Checklist (Coming Soon!)
    • Procurement tool used: Request for Proposal (RFP)
    • *Must be used when contract value is greater than $250,000
    • Must be compliant with 2 CFR §200.320)(d)
    • Competitive Proposal Checklist (Coming Soon!)
    • Must be compliant with 2 CFR §200.320)(f)
    • Competitive Proposal Checklist (Coming Soon!)
    • *School may have different "simplified acquisition threshold" (i.e., $10,000 maximum for micro-purchases or maximum $250,000 for small purchases).  If school has a lower simplified acquisition threshold, the school must use its simplified acquisition threshold for the above purchase methods.