In order to assist you, we have established a set of guidelines to follow to foster competitive procurement.
Competitive procurement is the acquisition of materials, goods, commodities, real property, leases, licenses or services through fair and open competition. Invitations to bid, requests for proposals (RFPs), requests for quotes (RFQs), or a combination of these “invitations” are competitive procurement.
UMass Lowell Competitive Requirements
The chart below will help you identify the level of competitive procurement necessary for any procurement: