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Am I required to select the Approved Supplier who offers the lowest price?

Selection of an Approved Supplier should be based on overall “Best Value”, taking into account product specifications and functionality, quality, optimal delivery and warranty, customer service, product availability, and discounts.

However, the budget owner should formally document the rationale for not selecting the lowest priced quotation, and keep all records on file.


Last Updated:  August 27, 2020