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| − | Policy 509.21
| + | #REDIRECT [[Purchasing]] |
| − | == Introduction ==
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| − | == Scope ==
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| − | == Definitions ==
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| − | == Policy and Procedure Statements ==
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| − | === General ===
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| − | 4.1.1 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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| − | 4.1.2 Competition will be solicited where available and a contract established with the lowest responsive bidder.
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| − | 4.1.3 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 ===
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| − | 4.2.1 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 ===
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| − | 4.3.1 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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| − | == Original Effective Date ==
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| − | == Revision Dates ==
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| − | [[Category:Contents]] | + | |
| − | [[Category:Business Operations]]
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| − | [[Category:Purchasing]]
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