Procurement 101 (1).pdf

The document provides an overview of Procurement 101, detailing what procurement is, its importance, policies, and procedures. It explains the hierarchy of university procurement requirements, including the Quote & Bid Threshold Policy which outlines different thresholds for purchases. The document emphasizes the value of procurement processes in creating fair competition, ensuring compliance with regulations, and protecting the university from liabilities. It also covers the roles of Procurement Services and Procurement Agents, along with resources for procurement support and training opportunities.