Small Dollar Purchase Limit Increase

Procurement & Supplier Diversity Services is happy to announce that as of July 1, the small dollar purchase limit has been raised to $100,000!

The Details:

Beginning July 1, 2019, purchases between $10,000 and $100,000 will require only:

• 1 quote (if using a designated contract vendor), or
• 3 quotes (if not using a contracted vendor), 2 of which should be from certified Minority- or Woman-owned firms.

Purchases over $100,000 will continue to require a formal procurement solicitation such as an RFP.

What does this mean? 

More purchase orders will be approved much faster, especially if issued to a contract vendor.

Let us know if you have questions -- we're happy to help!