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 solicition of 3 Quotes or statement of reasonableness of price required (Price Justification) Estimated order time: 1- 10 business days, excludes software. All software purchases require a lead time of at least two weeks and should be vetted with DoIT if implementation/integration is required. If SBU data will be stored on a third party's server please add an additional 21 days for CISO review.
$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 Prior Attorney General and OSC approval required. Estimated order time: 60 to 180 business days. Orders between $75,000 and $124,999 require the solicition of a minimum of 3 quotes Orders of $125,000 or more require the solicition of a minimum of 5 formal sealed bids or proposals