Section R354-2-102 - Small and Professional Service Definitions(1) Terms used in this rule are defined in Section R354-1-102, with the addition of:(a) "Annual cumulative threshold" means the maximum total annual amount, established under Subsection (2), that the CRAU may expend to obtain Procurement Items from the same source under this rule.(b) "Individual Procurement threshold" means the maximum amount, established under Subsection (2), for which the CRAU may purchase a Procurement Item under this rule.(c) "Single Procurement aggregate threshold" means the maximum total amount, established under Subsection (2), that the CRAU may expend to obtain multiple Procurement Items from one source at one time under this rule.(d) "Small Purchase" means a purchase of any Procurement Item under this rule other than a Professional Services purchase.(2)(a) The Small Purchase Annual Cumulative Threshold is $200,000, the Individual Procurement Threshold is $50,000, and the Single Procurement Aggregate Threshold is $100,000.(b) Small Purchases made under this rule may not exceed a threshold, unless the Procurement Official gives written authorization to exceed the threshold that includes the reasons for exceeding the threshold.Utah Admin. Code R354-2-102
Adopted by Utah State Bulletin Number 2022-02, effective 12/28/2021