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policy:purchasing_under_50_000 [2012/04/10 23:38] – created dustin | policy:purchasing_under_50_000 [2012/04/10 23:40] – dustin | ||
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Effective 01/01/03\\ | Effective 01/01/03\\ | ||
**APPROVED: | **APPROVED: | ||
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+ | Note from General Manager Roger M. Brown: | ||
+ | **ADMINISTRATIVE PROCEDURE** — PURCHASING UNDER $50, | ||
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+ | For items under $500, quotes need not be obtained if there is sufficient prior experience with purchasing the item to ensure that the price obtained is competitive and/or the cost of the item is under $200. In such cases, it would not be practicable to research comparative prices because the cost of the investigation is likely to exceed the value of potential savings and because there are not sufficient staff resources to devote to the process for such minor purchases. | ||
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+ | However, I may still require quotes if in my judgment, it is necessary to ensure a competitive price. |