This commodity includes service agreements for laboratory and scientific equipment. For information regarding the purchase of the actual equipment, see How to Buy Laboratory Equipment & Supplies.
|$5,000 or less||Use your Procurement Card or a Department Purchase Order (DPO).|
|Above $5,000||Use a PO Requisition in CU Marketplace|
|Service Agreements||Your Purchasing Agent Needs|
|From $5,000.00 to $25,000||The unsigned Service Agreement, including terms, conditions, and vendor contact information|
|over $10,000 that are not bid||All documentation described above, plus evidence that what the University is paying is "fair and reasonable"|
|$25,001 - $500,000, or above $5,000.00 if using federal funds||Competition via Documented Quote process, or Sole Source Justification and the Service Agreement.|
|over $500,000||Competition via Invitation for Bids or Requests for Proposals, or Sole Source Justification and the Service Agreement.|
All service agreements requiring a university signature must be signed by the appropriate authorized University representative.
Before signing any service agreement, the Procurement Service Center will review the terms and conditions, amend them as necessary, and obtain the required, authorized vendor and university signatures. A Purchase Order can only be issued after the agreement is fully executed.