Bid/Quote Requirements
Dell Medical School Procurement GuidanceBid/Quote Requirements for Goods and Services based on UT Austin HBP Part 7. Purchasing |
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| Contract Value or PO Amount | UT Market | GPO Contract (Supply Chain Alliance/Vizient) |
Other GPO/State Contract (E&I, Buyboard, DIR, TXMAS) |
Informal Bid | Formal Bid (ITB/RFP) |
Exclusive Acquisition Justification (EAJ)
Best Value Determination (BVD) |
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| Resource: | 7.5.1 UT Market | 7.5.2 Use of Existing Contracts | 7.5.2 Use of Existing Contracts | 7.5.4 Informal Bids | 7.5.5 Invitation to Bid | EAJ, BVD 7.5.3 Exclusive Acquisition Best Value Determination |
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| 7.5.6 Request for Proposal | |||||||
| < $15,000 | N/A | One (1) | One (1) | N/A | N/A | N/A | |
| $15,000 - $50,000 | Check Supplier contract to determine which GPO’s contract it is. This will determine the # of quotes needed. | One (1) | Three (3)* | Three (3)* | N/A |
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| $50,000 - $5M | One (1) | Three (3)* | N/A | ITB/RFP | |||
| NOTES: 1. Include Historically Underutilized Business (HUB) and Small Business (SB) vendors in your purchasing activities. Annette Smith, HUB Office, can help you identify HUB/SB for your good/service. If your procurement is > $100K HUB must review and approve your procurement. 2. Do not enter a TCM request for something > $15K without first completing your purchasing process and having Central Procurement’s approval. You need to include that approval with your TCM request. 3. *If GPO does not have three vendors in the category see 7.5.2 Use of Existing Contracts for guidance. |
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| Jenny Murphy, Finance Manager, created the table on 6/4/2021, updated 7/2/2021, updated on 10/2/2024 based on UT Austin HBP Part 7. Purchasing and daily experience with DMS purchasing. The purpose is to help DMS departments understand thresholds and bid/quote requirements. Central Procurement reviews and approves purchases over $15K and they could ask for information in addition to this chart. | |||||||