Policies > P613: STATE FUNDED SOLE SOURCE PROCUREMENT
P613: STATE FUNDED SOLE SOURCE PROCUREMENT
- Issued by:
- Office of Administration
- May, 2008
- March, 2008
If the material cannot be obtained via State contract the University requires competition, price reasonableness and or justification for purchases in excess of $2500.00 when using State funds. When competition is not attainable due to emergency or the sole source nature of a commodity or service, the department must document and justify the selection of the vendor and establish the reasonableness of the price.
- Advertising Intent to Purchase in Excess of $20,000
- New York State Finance Law requires the University to advertise every intended purchase in excess of $20,000 in the New York State Contract Reporter prior to making an award. Campus approval of sole source procurements does not preclude this requirement.
- The President has designated the following individuals authority to review and approve sole source procurement:
- Vice President for Finance & Administration
- Director of Procurement
Room W4559, Frank Melville Jr. Library