Purchasing Thresholds

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Open Market
$0 - $50,000
  • 1 Quote required
  • Use any supplier
  • Cumulative total (across all 3 campuses) per supplier, per FY spend
Informal Bid
$50,000.01 - $100,000
  • 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
$100,000.01 and up
  • 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

Page last updated 12:06 PM, September 11, 2026