What types of bids does OSU do?
Vendors may be asked to submit bids on either a formal or an informal basis. Informal bid solicitations may be obtained by telephone, fax, or mail and are for goods or services valued up to $50,000.00. Formal bid solicitations (called Invitation to Bid) are used for orders $50,000 and more, as well as some under $50,000 (Buyer discretion) for goods and services. These bids are also required to be advertised. A contract is then awarded to the lowest responsible bidder. Another type of formal bid solicitation is a Request for Proposal (RFP). An RFP is used when OSU wants to consider alternative ways to meet its goal. The resulting contract is awarded based upon a variety of evaluation factors and not necessarily upon the lowest bid price.
