Purchases of less than $5,000 can be handled by the department
through:
- Procurement Card
- Invoice from Vendor
- Petty Cash
Purchases between $5,000 and $25,000:
- Must be processed through Purchasing using the IRIS
requisition process
- A minimum of three (3) bids must be solicited by the Purchasing
Department
Purchases of $25,000 and higher:
- Must be processed through Purchasing using the IRIS
requisition process
- Formal sealed bids through Purchasing is required
- A minimum of fifteen (15) bids must be solicited by the Purchasing Department
Return to The University
of Tennessee, Purchasing Office Homepage