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At what level of purchase are quotations or bids required?

bids level purchase quotations
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At what level of purchase are quotations or bids required?

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Quotations are required for purchases estimated to be greater than $5,000 but less than $10,000. Bids are required for purchases greater than $10,000. Exceptions to bidding requirements are: (1) Purchasing Contracts, (2) Reorders from Previous Bid, (3) Sole Source and (4) Certain Professional Service Contracts. Contact Purchasing for information about these exceptions.

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