All purchases over $25,000 must include a formal, written competitive process documenting aspects of price or cost analysis consistent with University policies, requirements of applicable Federal regulations and the state and city statutes and ordinances that are obligations upon the University. Competitive process includes confidential solicitations to vendors qualified by the University from its vendor database and other sources it obtains about viable suppliers relative to that solicitation. The process is not open to the general public as an open bid competition and the awards are not subject to Freedom of Information Act requests. The agreements of the University are held to be confidential business matters of the University, with public disclosure of such information made available when agreed to by the contract parties and in the best interests of the University. For more information, visit Processing Your Purchase.