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At what dollar level of purchase are quotations or bids required?

April 26, 2017bids dollar level purchase quotations

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At what dollar level of purchase are quotations or bids required?

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A. Orders over $1,000 must be submitted to Central Purchasing for processing. Quotations estimated to be greater than $5,000 but less than $25,000 must be received from two H.U.B. vendors and the suggested source as a minimum. Three written bids are required for purchases of $25,000 or greater.