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
| TOTAL PURCHASE BEFORE TAXES | BUDGETING Authorization that funding is available | PAYMENT Authorizes release of payment | PROCESS | METHOD OF PROCUREMENT & REQUISITION REQUIREMENT | BUILDING ONTARIO BUSINESSES INITIATIVE (Ontario Preference Required) | LU CODE REQUIREMENT |
| Approval for any exemptions, where applicable | ||||||
| $0 - $2,999.99 | Budget Holder | Budget Holder or Financial Services | Quote can be obtained by department OR Procurement manages the process. | Procurement card (P-Card) up to $2999 INCLUDING TAXES. If supplier will not accept P-Card, a requisition in Ellucian is required. | Yes | No |
| $3,000 - $9,999.99 | Budget Holder or Financial Services | Financial Services | Quote can be obtained by department OR Procurement manages the process. | Single written quotation required from supplier. Requisition in Ellucian required. | Yes | Yes, IF OVER $5000 including taxes |
| $10,000 - $121,199.99 | Budget Holder and Financial Services | Financial Services | Procurement manages process. | Invitational competitive procurement (minimum of three or more suppliers). Requisition in Ellucian required. | Yes | Yes |
| $121,200 - $999,999.99 | Budget Holder and Financial Services | Financial Services | Procurement manages process. | Open competitive process. Requisition in Ellucian required. | No | Yes |
| $1,000,000 and above | Budget Holder and Financial Services | Financial Services | Procurement manages process. | Open competitive process. Requisition in Ellucian required. | No | Yes |
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.