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Methods for Securing Quotes or Formal Bids
All requests for quotations, bids, qualifications, and proposals allow for open, competitive, and equitable award. The following guidelines are generally used when selecting the method for source selection:
Cost of Goods or Services
Procurement Method
$0.01 - $1,000.00
Open market procedure
$1,000.01 - $5,000.00
Require at least three quotations by telephone
$5,000.01 - $24,999.99
Require at least three quotations in written form
$25,000.00 and greater
Competitive bids or competitive proposals