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| | Frequently
Asked Questions:
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Question: |
What is a quotation? |
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Answer: |
A request for a vendor to provide a written
price for a specific commodity or service not requiring a formal bid. |
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Question: |
What is a
formal bid? |
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Answer: |
A written solicitation containing
specifications, terms and conditions requiring a vendor to submit a
proposal to be publicly opened at a predetermined place, date and
time. |
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Question: |
What is the bid threshold? |
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Answer: |
$50,000.00 and above (see
formal bid)
$25,000.00 - $49.999 (Requires 2 quotes)
$2,000.00 - $24,999.00 (Requires 1 quote) |
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Question: |
How do I renew a Blanket Purchase Order? (BPO) |
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Answer: |
1. Submit a requisition
to Purchasing.
2. In the description field state "Blanket
Purchase Order Renewal"
3. List the old BPO number.
4. In the total dollar
amount list the amount of money you want encumbered.
5. Beginning and ending dates.
6. Description of the products or services to be purchased. |
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Question: |
How do I add more funds to a Blanket Purchase
Order? (BPO) |
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Answer: |
Submit a memo to Purchasing. List pertinent information.
1.The Blanket Purchase Order number and vendor name.
2.The amount you want to increase the order by.
3.Any back up documents. Account number.
4.Memo must be signed by person with signature authority on that
account. |
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Question: |
What is a conflict of interest for an
employee? |
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Answer: |
In addition to such conflicts of interest prohibited by law,
members of the Board of Regents and employees of
NSHE may not:
1. Become a contractor or vendor on any purchase document or contract or real
property transaction.
2. Be interested, directly or indirectly, through any member of his or her household, as
defined by NRS 281.434, or through any business entity in which he or she has a financial
interest, in any purchase, contract or real property transaction.
3. Accept any commission, profit, gift, loan, entertainment, service, or compensation of any kind as a result of or in conjunction with any purchase, contract or real
property transaction. |
As of December 2, 2002
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Maintained
by
