The University of Colorado is closely monitoring the situation in Israel, Gaza, and the West Bank as it affects University travel. Many airlines have already cancelled or suspended flights, and traveler advisories are changing regularly. For the most up-to-date information on worldwide travel advisories and how those impact any University business travel planning, please refer to the US Department of State Travel Advisories page.
CU travelers are also encouraged to utilize ISOS Membership Services (enter CU’s Membership No. 11BCAS000006 to log in) as an additional resource. To receive updated notifications dependent on your travel destination, download the ISOS mobile app. Note: All travel booked through Concur/CBT is automatically registered with ISOS.
New Bid Threshold Effective 1/1/23
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.
As part of this change, and in accordance with Uniform Grant Guidance (2 CFR 200), all procurements above $10,000 must be “reasonable based on research, experience, purchase history or other information and documents it files accordingly.” To meet this requirement, for most requisitions between $10,000 and $100,000, regardless of funding type, Requestors in Marketplace will complete and upload the Source Selection & Price Reasonableness form. This form is not required if:
(1) the purchase is against an existing CU bid/contract or a cooperative contract from places such as Omnia Partners or E&I; or
(2) the purchase is a Sole Source Procurement using the Sole Source Justification Form in Marketplace.
If the Source Selection on the form is marked “Informal, Competitive Quotes/Price Sheets <$100,000”, then the Requestor must also upload both the supplier’s quote they are ordering from and a second quote from a competitor. The second quote is not required to be a formal quote from a supplier, but rather can be a published price list or screenshot from a competitor’s website.