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NOTE: For federally funded purchases, competition is required for purchases costing more than $5,000.
Purchases of goods costing more than $10,000, or services costing more than $50,000, require that competition be sought via the informal process known as a Request for Documented Quote.
For purchases of goods or services costing over $500,000, competition is sought via either an Invitation for Bid or a Request for Proposal.
The University of Colorado posts its solicitations using an electronic solicitation notification system, currently the State of Colorado's BIDS.