State Purchasing Law
Whether making a purchase with a contract or with a purchase order, the dollar amount of the purchase will determine the effect that state purchasing laws will have on your transaction — unless, the item is “on state contract.” This means that a representative of the state has already negotiated an acceptable price for the product. You can check with the Office of Procurement to see if an item is on a state contract.
Otherwise, state law requires you to take action based on the amount you will be spending:
- Purchases of $5,000.00 or less only require one price quote.
- Purchases between $5,000.01 and $50,000.00 require signed, written quotes from two independent vendors.
- If a purchase will be more than $50,000.00, then the intent to purchase must be advertised and sealed bids must be received.