Purpose: The purpose of this policy is to comply with OMB 2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards regarding procurement of property and services under a Federal award (2 CFR 200.317 - 200.326).
Policy: Davidson College is committed to ensuring that all purchases of property and services are appropriate and conducted in accordance with sponsor terms and conditions, federal regulations and College policy. The Office of Grants & Contracts is responsible for ensuring that purchases directly charged to federally sponsored awards will comply with the cost principles outlined in the Office of Management and Budget (OMB) 2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200.317 - 200.326). The Uniform Guidance outlines five methods of procurement: micro-purchases, small purchases, sealed bids, competitive proposals, and noncompetitive (sole source) proposals. Some general standards apply to all five types of procurement.
Types of Procurement:
Sealed Bids - Sealed bids are required for any construction project greater than $250,000
Non-competitive (sole source) proposals - falls into one or more of the following circumstances:
Administration of Policy: The Director of Grants and Contracts shall oversee this policy and review it at least once every two years. Changes to this policy shall be made in accordance with the college's Policy on Policies.
Last Revised: 06/28/18
Last Reviewed: 06/28/18