State Purchasing Dollar Thresholds

State Purchasing Dollar Thresholds

Estimated Cost	Requirements
$0- $49,999	No competition required for purchases less than $2,500, but should ensure that prices are reasonable Orders above $2,500 require the solicitation of 3 Quotes or statement of reasonableness of price (Price Justification) Estimated order time: 1- 10 business days, excludes software. All software, cloud-based/on-prem applications, kiosks, drones, and web development require an Accessibility and Cyber Risk Review before initiating a requisition in Wolfmart. Please note that these reviews may take up to thirty days to finalize. The outcomes of these reviews should be carefully considered when selecting vendors and solutions in alignment with SUNY and SBU Accessibility and InfoSec policies and procedures.
$50,000 - $74,999	Advertisement in NYS Contract Reporter for 15 business days or OSC approval of Contract Reporter Exemption Request if the purchase is a single or sole Source Solicitation of 3 Quotes or (Price Justification) Estimated order time: 15 to 120 business days for services, 15 - 120 business days for commodities.
OGS Contracts in excess of $200,000	Subject to OSC review and approval Estimated order time: 15 to 75 business days
$75,000 and over	Advertisement in NYS Contract Reporter or Contract Reporter Exemption Request if the purchase is a single or sole Source Attorney General and OSC approval required. Estimated order time: 60 to 180 business days. Orders between $75,000 and $124,999 require the solicitation of a minimum of 3 quotes Orders of $125,000 or more require the solicitation of a minimum of 5 formal sealed bids or proposals