Small Purchase means the procurement of investment-related services for flat- fee compensation that does not exceed fifty-thousand dollars ($50,000.00). For purposes of this Policy, a small purchase procurement includes professional services or investment-related services or tangible property ancillary to investment services, but does not include performance-fee compensation contracts for investment management services.

Small Purchase means the purchase of Goods and Services not covered by a Term Contract where

Small Purchase means the purchase of Goods and Services not covered by a Term Contract where the expenditure of Public Funds is less than a Small Purchase Benchmark amount.

Examples of Small Purchase in a sentence

Small purchase procedures are those relatively simple and informal procurement methods for securing services, supplies, or other property that do not cost more than the Simplified Acquisition Threshold.
Small purchase procedures are used for purchases that exceed the micro-purchase amount but do not exceed the simplified acquisition threshold ($250,000).
Purchases made pursuant to these procedures do not require public bid openings or newspaper and eVA advertising.2. Small purchase procedures shall provide for competition wherever practicable.3. Single Quotation (Up to $10,000): Where the estimated cost of goods or nonprofessional services is $10,000 or less, purchases shall be made upon the receipt of one (1) written or telephone (oral) quotation from at least one (1) DSBSD-certified micro business, if available.
Small purchase procedures (telephone solicitations or direct mail) may be used for services costing One Hundred Thousand Dollars ($100,000) or less.
Small purchase procedures are for use in making open-market, fixed-price purchases for products or services up to $10,000, with competition via competitive sealed bidding, competitive negotiation or informal competitive bids, or without competition, provided that the Judicial Purchasing Agent determines the price to be reasonable.

More Definitions of Small Purchase

Small Purchase means a procurement conducted by the Division that does not require the use of a standard procurement process.

Small Purchase means a purchase under Rule R105-

Small Purchase means the purchase of Goods and Services not covered by a Term Contract where the expenditure of Public Funds including Extensions and Renewals is equal to or less than the Small Purchase Benchmark amount, pursuant to 01 NCAC 05B .0301.

Small Purchase means purchases over $10,000 but not more than $250,000 per 2CFR, Part 200.

Small Purchase means a procurement conducted by a procurement unit that does not require the use of a standard procurement process.

Small Purchase means the procurement of supplies or services for which the total cost is less than $5,000.

Small Purchase means a purchase of goods and services equal to or less than $2,500 per year. Contracts may not be split in amount or duration in order to evade the intent of the Act or these Policies And Procedures.