Policy 702 Matrix.pdf

The document outlines the purchasing policy matrix for different financial thresholds within an organization. It specifies the required procedures for purchases ranging from $0 to $9,999.99, $10,000 to $19,999.99, $20,000 to $49,999.00, and $50,000 and above. The procedures include obtaining informal quotes, formal requests for quotation, and formal sealed competitive solicitations based on the purchase amount. It also mentions the need to check with the Purchasing Department for bids, piggybacks, state contracts, or other District discounts. Additionally, it emphasizes the importance of reviewing purchasing authority limits before executing contracts or expending funds.