Section R765-571a-6 - Small PurchasesEach institution shall establish policies, and processes governing small purchases.
6.1. Each institution shall establish the maximum expenditure that may qualify as a small purchase.6.2. Each institution may establish expenditure thresholds and procurement requirements related to those thresholds in relation to small purchases, including: 6.2.1. Purchasing Cards or P-Card: Purchasing card programs establish a more efficient method of paying for low-dollar transactions. Institutions shall establish procedures that govern card issuance, card-holder training, and auditing of purchasing card transactions.6.2.2. Requests for Quotation or RFQ: Institutions shall seek competition whenever practicable. RFQs involve soliciting quotes from two or more known vendors. Each institution should establish procedures regarding the acceptance of phone, fax, and email quotes.6.2.3. Small-dollar Purchase Orders.Utah Admin. Code R765-571a-6
Adopted by Utah State Bulletin Number 2021-04, effective 1/28/2021