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− | Policy ____ [''Number from Table of Contents'']
| + | #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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