Low Value Procurement

Low Value Procurement refers to purchases from $5,000 to $24.999.99, under the High Value Procurement threshold. 

UTM Procurement provides consultation to departments seeking advice and direction on their Low Value Procurements, with regards to the following areas:

  • Sourcing
  • Policy compliance
  • Contract review and administration
  • General queries

Departments may issue their own purchase orders in the Financial Information System (FIS), provided they are compliant with the Purchasing Policy.  An overview of the purchasing cycle and how to prepare a purchase requisition and purchase order in the Financial Information System may be reviewed here.