Purchasing Policy Update
Effective July 1, 2025, the Â鶹´«Ã½ Research Foundation Purchasing Policy has been updated to align with regulatory changes, to reflect the growth of the research enterprise at Â鶹´«Ã½, and to streamline the purchasing process. Significant changes include increased thresholds for micro-purchases (<$10,000), purchases needing only internet, telephone or catalog pricing (<$25,000), purchases needing written quotes (<$250,000), and purchases requiring sealed bids (>$250,000). In addition, purchases using Â鶹´«Ã½/Â鶹´«Ã½ Research Foundation Preferred Suppliers are exempt from competitive pricing requirements or sole source justification when Â鶹´«Ã½/Â鶹´«Ã½ Research Foundation pricing is honored. The Purchasing Policy was also revised to include clear guidelines on the purchase of hazardous and/or export-controlled materials. If you have any questions about the new policies, please contact rfpurchasing@odu.edu.