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Invitation to Quote under $100,000 – Standard Operating Procedure

This Standard Operating Procedure (SOP) provides instructions on how to obtain identical written supplier quotations, ensuring the procurement process is fair, open, and transparent. Under the University’s Procurement Policy a minimum number of supplier quotations are required for purchases of goods and services:

  • 2 quotes between $5,000 – $24,999
  • 3 quotes between $25,000 – $99,999

Determining Total Procurement Value

When determining the total cost of the intended purchase, it is important to include annual maintenance fees, warranties and/or goods and/or services that may be required over a period of time. For CFI funded projects, an informative checklist is available to assist with developing a comprehensive quote request.

Invitation to Quote Templates

Process

1
Download the appropriate template (Goods, Services, or CFI).
2
Complete the Timetable (Issued On and Respond By dates), and the Requesting Department contact information. Complete the Product/Service requirements with all the necessary goods and/or services to be purchased.
3
Email an identical copy to each supplier, noting in the email the Respond By date.
4
After the Respond By date, review all received quotations, including the supplier Acknowledgement; this section must be completed and signed by the supplier to confirm they understand and comply with the specified General Instructions and Conditions. Determine whether to accept one of the quotations and place an order with the selected supplier.

Notes:

  • Keep on file any “no quotation” responses from suppliers who decline to quote. Make sure the reason for the decline is included.
  • There is no obligation to make a purchase resulting from any quotation solicitation.
5
If making a purchase:

St. George & UTM
Create a Purchase Order in FIS, attaching all received supplier quotations (including any “no quotation” responses). The Purchase Order will be reviewed by Procurement Services, and when released you will receive an email with a PDF copy.

UTSC
Create a Purchase Requisition in FIS, and forward documentation to your respective procurement campus contact for review and Purchase Order issuance.

6
Send a copy of the Purchase Order to the selected supplier.