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Did the Management Memo change delegated bidding requirements less than $5,000?

April 26, 2017bidding Delegated Management memo requirements

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Did the Management Memo change delegated bidding requirements less than $5,000?

1 Answer

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No, in accordance with the purchasing delegation guidelines issued on May 14, 2001, you are not required to obtain bids for transactions less than $5,000 unless the price cannot be determined to be fair and reasonable.