What are some key takeaways of the purchasing policy?

Requisitions, and subsequent purchase orders, must be created in FlashCart if a good order (tangible item) is $2,500 or more.

Purchases of goods, using a single vendor or the annual accumulation with said vendor, exceeding $25,000 must be bid.

Requisitions, and subsequent purchase orders, must be created in FlashCart if a service order is over $50,000 or more. Additionally, if the service exceeds $50,000 using a single vendor or the annual accumulation with said vendor, it must also bid.  

Any purchase over $100,000, using a single vendor, will need SVP Finance and Administration as well as Division VP approval.

Any purchase exceeding $1,000,000 through the length of the contract will need Board of Trustees approval.

University-required contracts must be used, no exceptions. These suppliers are listed on the Procurement website by commodity. If the specified vendor(s) in each of these categories does not have your item or service, contact procurement@kent.edu for additional guidance and support.