Send Us Feedback
New Version

How to Buy Services from Companies

This commodity covers professional services. Professional services are generally services provided by those who have attained "professional" status. That status is typically attained either by receiving an academic degree or professional certification, or by having a level of experience within the profession, or by a combination of these factors. Examples range from physicians, attorneys, or CPA accountants to professional athletes and certain personnel in law enforcement, health care, or real estate. Many consulting firms hold themselves out as "professionals" in the particular area in which they do consulting.

Note: The procedure for procuring services from individuals varies from that for obtaining services from companies. For information on these procedures, see How to Buy: Services from Individuals.

Procurement Options and Procedures

Total Purchase Procedure
$5,000 or less Your Procurement Card, or A Department Purchase Order (DPO)
Above $5,000 A PO Requisition, or An SPO Requisition
In order to obtain: Your purchasing agent needs (in addition to the approved SOW)
Services over $5,000 and up to $25,000 All written documentation regarding the procurement. This may include a quote, statement of work, or email messages/letters of correspondence.
Services over $10,000 that are not bid All documentation described above, plus evidence that what the University is paying is fair and reasonable.
Services over $25,000 and up to $150,000 Competition via Documented Quote process, or Sole Source Justification
Services over $150,000 Competition via Invitation for Bids or Requests for Proposals, or Sole Source Justification

For federally funded purchases

Total Purchase Procedure
Over $5,000 and up to $150,000 Competition via Documented Quote process, or Sole Source Justification
Over $150,000 Competition via Invitation for Bids or Requests for Proposals, or Sole Source Justification
Over $5,000 that are not bid All written documentation regarding the procurement. This may include a quote, statement of work, or email messages/letters of correspondence. In addition, evidence that what the University is paying is fair and reasonable.

Purchasing Agents

Services ≤ $25,000

Madeline Souder

Voice:
303.764.3418
Fax:
303.764.3434
Email:
Madeline.Souder@cu.edu

Services > $25,000

David Turner

Voice:
303.764.3422
Fax:
303.764.3434
Email:
David.Turner@cu.edu

Finance System Codes

PROSV:
Professional Services, including consultants

Need help?

Finance and Procurement Help Desk

Email:
FinProHelp@cu.edu
Voice:
303.837.2161
Fax:
303.837.2160