Revisions to P&P – 2.120, Sole Source Purchase, & 2.125, Cost or Price Reasonableness

Wednesday, January 22, 2014

1.  RCUH Policies and Procedures 2.120, Sole Source Purchase (previously titled Non-Competitive Purchases), has been revised to add policy details and responsibilities for the Principal Investigator and Fiscal Administrator.

 

Attachment 2, Sole Source Justification, has undergone a slight cosmetic change.

 

 

2.  RCUH Policies and Procedures 2.125 Cost or Price Reasonableness (previously titled Cost or Price Analysis), has been revised.

  • Reorganized the presentation of policy details.
  • Added responsibilities for the Principal Investigator and Fiscal Administrator.
  • Added samples of price analyses.

 

  • Added a sample cost analysis.


Attachment 1, Determination of Cost or Price Reasonableness, has been revised as well.

  • Added a purpose for the form and instructions for completion of the form.

 

  • Updated the expenditure condition for competitive proposals from one (1) proposal to all proposals.

 

  • Added professional services procurement and extension of an existing contract past its initial term to the list of expenditure conditions.

 

  • Added an approved signature line for the Designated University Official / Fiscal Administrator.