For a CMAS or Master Agreement order, does Management Memo 02-12 require departments to use a formal bid package to obtain the three bids?
Management Memo 02-12 does not require formal bids, it requires departments to solicit and obtain three offers. Departments can continue using their internal processes already in place to solicit offers, provided that the process is fair and competitive. Further clarification answer: 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.
Related Questions
- The Management Memo does not appear to address CMAS or Master Agreement orders valued at less than $5,000. Are solicitations and offers required?
- For a CMAS or Master Agreement order, does Management Memo 02-12 require departments to use a formal bid package to obtain the three bids?
- How Do You Write A Formal Business Memo?
