State Purchasing Requirement Thresholds

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Presentation transcript:

State Purchasing Requirement Thresholds <$5,000* P-Card $10,000< $10,000 $15,000 $50,000 $75,000 $100,000 $125,000 $250,000> Fair Labor (Applies to Textiles) X Prevailing Wage Collegiate Licensing (Applies to the University’s Logo) Consultant Disclosure * (Applies to Consulting Services) Liability, Workers’ Compensation & Disability Insurance VendRep Review 3 Quotes Not required but preferred at these levels. Procurement Lobbying MWBE Good Faith Effort (at $20,000) VendRep Filing ** Sales Tax Form 5 Sealed Bids AG/OSC Approval If there are exceptions to the contract, pre-approval at $125,000 is required. All other contracts require approval at $250,000. Check with the Office of Purchasing and Contracts for exceptions. An individual New York State Contract Reporter advertisement is required starting at $20,000. This will increase the procurement time frame. *Construction contracts require VendRep filing starting at $10,000