With the support of your campus Controller and Grants & Contracts / Contracts & Grants offices, the Procurement Service Center is pleased to announce that effective May 1, 2024 the Source Selection & Price Reasonableness (SSPR) form will no longer be required for any purchases under $50,000. This streamlined process empowers CU to acquire necessary goods and services more efficiently.
Starting January 1, 2024, the University will adjust its bid threshold, increasing it from $100,000 to $150,000. This decision, backed by the campus Vice Chancellors, aims to align bid thresholds for goods, services, and construction.
If you process shipping labels for FedEx, you have recently seen a change to the portal view when logging into their system. FedEx does allow users to switch back to the legacy view for now, but we have been informed that this option will be disabled at a future undetermined date. For that reason, we want to ensure that users are familiar with how to enter the billing information (SpeedType) in the new portal layout.
As part of the effort to move the purchase of Apple goods through our strategic partnership with CDW-G, users will now find a new tile “Apple Products via CDW-G” within the CU Marketplace catalogs! This new tile should make it more obvious where Apple products can be found and simplify the process of getting directly to those Apple products you may be searching for.
Working with our strategic partners, the University of Colorado is capitalizing on an opportunity to purchase Apple hardware, software, and services through our existing CDW-G punchout catalog. This partnership with CDW-G, Apple’s largest higher education reseller in the US, will allow CU to maximize potential discounts for all goods and services purchased. Any products sold by Apple will be available through CDW-G with improved pricing.
The PSC honors wire payments for international suppliers where the payment must be made to the suppliers account and/or made in a non-U.S. currency. Previously under the associated PSC Procedural Statement for Wire Transfers, the wire transfer minimum required by the policy was $500. Effective March 31, 2023, the policy has been revised to allow for wire payments to international payees with a minimum of $100. The policy still restricts wire payments to international suppliers/payees, and the department is still responsible for submitting the necessary documentation for the payment, however the PSC will begin honoring wire payments starting at $100.
In January, the Procurement Service Center updated the University’s Procurement Rule to update its purchasing thresholds to allow for informal competitive quotes by campus departments for purchases between $10,000.01 and $100,000 rather than requiring a Document Quote to be issued. This rule change is both compliant with Federal Uniform Guidance for grant and contract purchases and ensures that the University is being fiscally responsible with its purchases.
As communicated in the December PSC newsletter, CU has ended its emergency declaration that temporarily increased our bid thresholds for non-federal purchases. Effective January 1st, CU’s bid threshold is $100,000 for all goods and services. This is the threshold at which the PSC is required to issue a Documented Quote or Request for Proposals prior to issuing a purchase order.
The largest paper mill who is the primary manufacturer of recycled paper had a fire recently that has shut down production for recycled fiber, raw material, to all paper mills, all brands in North America. The Universities strategic supplier Staples, will be providing a suggested alternative item which you will notice when shopping for recycled paper to help bridge the gap while recycled options are unavailable.
