Thresholds and Methods of Procurement

This page shows different thresholds and procurement methods. Please navigate through the detailed thresholds and find the right method for your procurement.

Please contact us at purchasing@laurentian.ca for assistance.

Thresholds for Procurement, Purchasing Methods and Requirements

Single Item Purchase Amount (excluding taxes)	Method of Purchase	Competitive Bid Requirement	Purchasing Services Involvement
$0 - $2,999.99	Procurement Card (P-Card) or Petty Cash (up to $100)	Not required	Not required
$3,000 - $9,999.99	Quote obtained by department or Procurement Services	Not required	Not involved unless the cumulative contract value within the current fiscal year exceeds the threshold
$10,000 - $49,999.99	Invitational competitive procurement (minimum of three or more suppliers invited to submit a written quotation)	Required	Involvement in procurement process
$50,000 - $99,999.99	Invitational competitive procurement (minimum of three or more suppliers invited to submit a written quotation)	Required	Involvement in procurement process
$100,000 - $999,999.99	Open competitive process	Required	Involvement in procurement process
$1,000,000 and above	Open competitive process	Required	Involvement in procurement process

Please note that for orders between $3,000 and $10,000, the minimum requirement is one written quote, but the University Purchasing Department may request additional quotes for better value.