Effective July 1, 2016

Purchases of supplies and services made with federal funds that exceed $3,500, but are less than $150,000, require at least two quotes for cost comparisons prior to making the purchase. Copies of quotes should be forwarded to Business.Office@kzoo.edu to retain for audit purposes. If an item or service is available only from a single source, this also must be documented.

Purchases of $150,000 or greater require a competitive bid process. Please contact us for more information.

(OMB, 2 CFR Part 200, Subpart D, Section 200.320)