The Procurement Cycyle
Where the Procurement Cycle begins.
What is the identification of a need?
A type of behavior when a vendor gives you tickets to a concert in order to win or think they will win your business.
WHAT IS UNETHICAL BEHAVIOR ?
Award made to only one contractor who submitted bid or proposal
What is single bid award?
Sealed bid; made to lowest, responsive, responsible bidder
What is an Invitation for Bid (IFB)?
Procedures used to handle, resolve complaints from bidders within 72 hours
What are Written Protest Procedures?
Award made without competition to only contractor who can supply goods and services
What is sole source award?
$.0 - $10,000; at least one quote must be obtained
What is a small purchase?
Sometimes this meeting is mandatory.
What is a pre-bid meeting
Purchasing off contract which can be made against contracts from other governmental entities.
What is piggybacking?
An authorization for Purchasing to procure the item(s) or service(s) in accordance with established College policies and procedures.
WHAT IS A REQUISITION ?
The number of quotes needed for purchases over $10,000.00 not exceeding $35,000.00
What are three quotes
The legal document issued to a requisition after all back-up information and required authorized signatures have been obtained.
WHAT IS A PURCHASE ORDER ?
Procured using qualifications-based process in accordance with CCNN
What are Architectural & Engineering Services?
Certificate used to show that the College does not have to pay tax.
What is a Tax exempt certificate
A legally binding agreement between two or more parties which creates an obligation to do or not to do a particular thing enforceable by law.
WHAT IS A CONTRACT ?