Formal Competition Sample Clauses

Formal Competition. (Invitation for Bids or Request for Proposals) Services Purchases above $25,000 and Supplies Purchases above $50,000. University shall use either an invitation for bids (IFB) or request for proposals (RFP) process to purchase services with a total contract value between $25,000.01 and $500,000 and supplies purchases with a total contract value between $50,000.01 and $500,000. Unless otherwise delegated, the University shall forward any purchase with a Total Contract Value over $500,000 to the State Procurement Bureau for processing.

Formal Competition. Large Purchases over $25,000 for services and $50,000 for supplies. Large purchases are typically included in the provider agreement as part of the major purpose of the provider agreement, although this is not a requirement. Large purchases are subject to all the requirements of medium purchases, and in addition must use a formal, closed-bid procurement process. Service providers must obtain and document prior approval from DEDO.

Formal Competition. (Invitation for Bid or Request for Proposal) Services Supplies and Services of $100,000 or more and less than $200,000. The Agency shall use either an invitation for bid (IFB) or request for proposal (RFP) process for purchases with a total contract value of $100,000 or more and less than $200,000. Purchases above $25,000 and Supplies Purchases above $50,000. The Agency shall submit a requisition through eMACS to the Division for any purchase with a total contract value of $200,000 or more. above $25,000 and supplies purchases with a total contract value above $50,000