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 or a small dollar Purchase Order.

NOTE: For federally funded purchases, competition is required for purchases costing more than $10,000.

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 CU Sourcing website of the CU Supplier Portal.