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This policy is to ensure that vendors and University departments comply with all State and Federal regulations as well as University policies related to solicitations.

This policy provides for efficient ways to procure small dollar items where the financial risks to the University are low and the State of North Carolina does not require competition.

The State of North Carolina requires competitive bidding for all items not available on State Term Contracts that exceed the Small Purchase Benchmark as defined in Finance Policy 1251. The policy clarifies the dollar thresholds for the bid types and provides direction on supporting documentation required to facilitate the purchase.