Office of General Counsel

University of Mississippi

Contract Training

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.

 

<< Back | Continue >>

Page 9a