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  #1  
Old 03-01-2011, 02:59 PM
klgross
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Default Benchmarking - Bid limits

Good Morning,

utmb Health is trying to obtain some benchmarking data on bidding limits for both public and private organizations.

For example our limits are:
$5,000 spot purchase
$5,000 to $25,000 informal bids required
$25,000+ formal bids required

Please help me with providing your current bid limits. I would appreciate knowing if you are a public/private university or a company.

Thank you,
Karen Gross
Manager, Supplier Diversity Programs
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  #2  
Old 08-12-2011, 08:56 PM
sbarrs1209
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Default Bid Limits

We are a private company and our bid limits are

Up to $25K-Spot Purchase
$25-$100K-Informal Bids
$100K- Formal Bid


Thanks,

Summer Bartholomew
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  #3  
Old 11-22-2011, 11:48 PM
76193
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Default Bid Limits

WE are a non-profit organization in the Utility sector. Our bid limits are as follow:

< $50K - only 1 quote is required
> $50K but < $100K - 3 quotes are required and the Business Area Owner may administer the bid process.
>$100K - at least 3 quotes and Procurement must administer the bid process.

Hope this helps.
Shone
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  #4  
Old 11-30-2011, 10:39 AM
zhengmir
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Default

We are a private company and our global bid limits are

Up to EUR 2K -Spot Purchase
EUR 2K -EUR 50 K-Informal Bids
EUR 50 K- Formal Bid
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