Procurement

Under $10,000: Departmental purchases of up to $10,000 are considered "small-dollar purchases." Under most circumstances, these are processed by the requestor's campus department. Typical forms of payment are the University Procurement Card (up to $5,000) or a small dollar Purchase Order.  

$10,000.01 - $49,999.99: All goods and services between $10,000.01 and $49,999.00 are processed at the discretion of the Purchasing Agent. 
 
$50,000 - $150,000: All goods and services between $50,000 - $150,000 regardless of funding type require: 

• Completion of the Source Selection & Price Reasonableness section of the Purchase Requisition form
• Price information from at least two suppliers - one from the supplier you are ordering from and the other from a competitor. The price information can be screenshots from two websites or quotes provided from the suppliers.  

The requirement to obtain two quotes and complete the Source Selection & Price Reasonableness form will be waived if the purchase is made against an existing CU bid/contract or a cooperative contract, is for a Sole Source item, or is an emergency procurement.   

$150,000 - $499,999: The threshold for a solicitation issued by the Procurement Service Center (PSC) will be $150,000 for goods and services. Construction solicitations are issued by campus Facilities Departments. Purchases of goods, services, and construction costing more than $150,000 require that competition be sought via the informal process known as a Documented Quote.

$500,000 and Over: For purchases of goods and services costing $500,000 or more, competition is sought via either an Invitation for Bid or a Request for Proposal. Construction solicitations are issued by campus Facilities Departments.

The University of Colorado posts its solicitations using an electronic solicitation notification system, currently through BidNet. 

For purchases on Federal contracts or grants, the following forms will need to be completed.

• Certifications Under a Federal Contract greater than $35,000
• Certifications Under a Federal Grant greater than $150,000