Effective May 1, 2024, the Source Selection & Price Reasonableness (SSPR) form is no longer required for purchases under $50,000. This also means that the sole source justification and associated price cost analysis form is also not required for purchases under $50,000.  This adjustment, supported by your campus Controller and Grants & Contracts offices, aims to streamline procurement processes, increase opportunities for local and disadvantaged suppliers, and enhance efficiency.

With this change to the SSPR requirements, a few things remain the same.  These include:

• The PSC still reviews all requisitions above $10,000.
• Small dollar contracts are still considered those less than $10,000.
• Quote, proposal, SOW, pricing sheet, and/or contract should still be attached to all requisitions, regardless of dollar amount.
  • Security and Compliance Final Assessment documentation should also be attached, if applicable.
• Controller approval is still required for advanced payments above $10,000.
• All federal appendices are required based on dollar amounts and funding type (grant vs. contract).
  • https://www.cu.edu/psc/purchasing-services [3]