Purchasing Thresholds

Open Market

• 1 Quote required
• Use any supplier
• Cumulative total (across all 3 campuses) per supplier, per FY spend

Informal Bid

• 3 Quotes required (2 must be VetHUBs)
• Lowest supplier price awarded
• If less than 2 VetHUBs, fill out a VetHUB Search Documentation Form and get 3 total quotes.

Formal Bid

• Procurement Services formally bids service/good
• Bid posted publicly for 30 days
• More complex - takes time - plan ahead
• Best Value
• Department determines the scope of work