Preparing for Fiscal Year-End (FYE) 2022 - RFPs, Documented Quotes, and Contracts 

As you prepare for FYE, remember that purchases of goods exceeding $10,000 (using Federal funds) and $50,000 (using non-Federal funds) or services exceeding $150,000 require competition via a solicitation process. Solicitations can take a significant amount of time to prepare, evaluate, and award. In particular, Request for Proposal procedures (for purchases of goods or services over $500,000) require a committee to convene, a 30-day timeframe for suppliers to respond, significant review of submissions, and then time to negotiate and execute a contract. 
 
Deadlines for submitting your requisitions are set accordingly and the thresholds are based on the temporary “emergency procurement” declaration increase granted on January 21, 2022. 

*Note: For any urgent procurement (where there is a risk of service interruption or work stoppage) and the requisition was not submitted by April 29, please work with your PSC contact to determine if alternative solutions are required. 
 
Contracts 
 
Due to unpredictable variables, some contracts can take a significant amount of time to negotiate and execute. As we approach the final months of the fiscal year, please take stock of any renewals or new agreements you wish to have in place by June 30. You should begin working with your purchasing agent right away to ensure negotiations can be completed within your anticipated timeframes. Completion cannot be guaranteed for all contracts due to specific circumstances associated with each request. 
 
Special Considerations for FYE Purchases 
 
Please note that special procedures apply to the purchase of goods or services that involve (but are not limited to) the following: 

• Digital interface 
• Software, licenses
• Systems that can store, manage, control, manipulate, or retrieve information/data for human interaction, including videos, platform, web content/web development, and communications products
• Professional services that will have access to sensitive data 

Purchase of these and related items require additional compliance review and approval. This part of the process is mandatory, can take several weeks, and must be done ahead of the PSC receiving the requisition and/or contract. The process advises the PSC of compliance and additional language that needs to be negotiated with the supplier. For more information regarding this step in the procurement process, please review the information provided by your campus, below: 

Boulder Campus: 
https://www.colorado.edu/ictintegrity/ 

Colorado Springs Campus: 
Email Security Team at Security@uccs.edu for additional information. 

CU System: 
Email Dan Jones and Brad Judy at dan.jones@colorado.edu / brad.judy@cu.edu for additional information. 

Change Orders 
 
June 10, 2022 - Last day to submit to ChangeOrder@cu.edu and all PO increase requests. The PSC will do its best to complete change order requests received by this date but cannot guarantee completion. This date assumes the change order is for monetary or date changes to SPOs and does not take into account any amendments to contracts that are associated with the change order request. 
 
Questions? 
Contact the purchasing agent for the specific commodity.