Micro-purchase means a purchase of products or services where the total amount does not exceed $3,500 per transaction.
To the extent practicable, purchases must be distributed equitably among qualified suppliers with reasonable prices.
You can identify if a price is reasonable by comparing prices from previous purchases, have personal knowledge of the item being purchased, or comparing prices to similar items being purchased. Check out Market News to get an idea of prices.
- Receipts documenting total amount purchased falls below $3,500.
- Documentation showing how purchases are being distributed equitably among qualified suppliers.
- If only one qualified supplier, must document why there is only one qualified supplier. Include reasons, such as labor and mileage cost for driving to another location.