From Appalachian State University Policy Manual
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| Policy 509.21
| | #REDIRECT [[Purchasing]] |
| == Introduction ==
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| You may copy this page's source to start a new policy page. Be sure to remove or overwrite the examples. Second level headings should NOT be altered.
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| == Scope ==
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| == Definitions ==
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| === Definition phrase or word ===
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| : Definition summary
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| == Policy and Procedure Statements ==
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| '''General''' - An indefinite quantity contract will be established by the Purchasing Department for requests for repetitive purchases of specific types of supplies from a single vendor over a specified period of time where the total amount exceeds $5000.
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| Competition will be solicited where available and a contract established with the lowest responsive bidder.
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| An indefinite quantity contract must not exceed the $150,000 university benchmark in total expenditures over a one year period. The contract will end when the benchmark is reached. A request for an indefinite quantity contract which exceeds, or is likely to exceed, $150,000 will be forwarded to Purchases and Contract Division for processing.
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| '''Information Required''' - With the exception of the dollar amount, a request for an indefinite quantity contract is very similar to a blanket purchase order, and it requires the same type of information (see PURCHASING Policy 14) .
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| '''Budgetary Action''' - Budgeting, invoicing and billing actions are also essentially the same as for a blanket purchase order (PURCHASING Policy 14).
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| == Additional References ==
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| == Authority ==
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| == Contact Information ==
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| == Effective Date ==
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| == Revision Dates ==
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| Last modified 04/08/2011 08:55:49 AM by Matt McNaney
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Latest revision as of 15:10, 2 November 2023
