65 IAC 2-1-9 - Small purchases
Authority: IC 4-30-3-7; IC 4-30-3-9
Affected: IC 4-30-3-16; IC 4-30-8
Sec. 9.
A contract in an amount that does not exceed three hundred thousand dollars ($300,000) may be made under any practice or procedure that the director desires subject to the following restrictions:
(1) When practicable, at least three (3)
price quotes are obtained for any procurement valued in excess of fifty
thousand dollars ($50,000).
(2) If
a series of contracts awarded under this section for a single classification of
goods or services are awarded to one (1) vendor and these contracts are all
awarded within a period of six (6) months or less and the total contract price
on these contracts exceeds four hundred thousand dollars ($400,000), then any
of the contracts in this series which would cause the total contract price to
be in excess of four hundred thousand dollars ($400,000), shall not be deemed
to be a small purchase qualifying under this section.
Notes
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