Uniform Guidance

The University’s implementation of the Uniform Guidance Procurement Standards will become effective July 1, 2018 in conjunction with updated federal government regulations.

 In an effort to improve efficiency and expenditure oversight, the federal government is updating its procurement guidance for institutions that manage federal funds through grants and contracts.  The most visible aspect of the changes is an increase to the purchasing thresholds for competition and documentation requirements. 

Beginning on July 1, 2018 the following changes will be made to our procurement thresholds:


Current

New

Procurement Method

Documentation Requirements

$0 - $5k

$0 - $10k

Micro-Purchase

Documentation of price

$5k-$25k

$10k-$150k

Informal Procurement

Documentation of competition, price reasonability or sole source justification

>$25k

>$150k

Formal Procurement

Competitive proposals (or sole source justification) – proactively engage Procurement Services

A complete summary of the changes is available here
A list of FAQs is available here.
A short informational video that highlights the key changes to the procurement process which can be accessed here.

If you have any questions, please contact the Shared Services Help Desk at 773.702.5800 or online at services.uchicago.edu.