University Procurement and Business Services policy requires competitive bidding for purchases with a value of $6,800.00 or above. This requirement is satisfied by one of the following: 1) obtaining three competitive quotes, 2) conducting a public advertised bid, 3) using a University, State, GSA or cooperative contract, 4) obtaining a quote waiver from University Procurement and Business Services for purchases below $34,400.00; or 5) obtaining a Board of Trustees bid waiver for purchases of $34,400.00 or above. Complete this form to record competitive quotes for purchases below $34,400.00
Business Services, University Procurement and and University, Kean, "Competitive Quote Form" (2020). Evidence Inventory. 63.