Tips for Successful Completion
Completing your Selection of Source form fully and correctly before submitting it to the VPF Sourcing team can help the purchasing process move more quickly and easily, as well as avoid an audit in the future.
While the online form includes instructions to help answer your questions as you go, here are some of the important items you’ll need before you get started:
- What are you buying? How much will it cost?
- Does someone other than you need to access and/or sign off on the form?
- The names and prices of the suppliers you considered (unless you’re conducting a sole source [non-competitive] procurement)
- An explanation of why you chose the supplier you did (such as better price, unique services, etc.)
Additional Documentation
If you are not purchasing from a Preferred Supplier, you will need to fill out a Selection of Source form for any purchases over $10,000.
In some cases, you may need any additional documentation for your purchase:
Threshold | Procedure |
$0-$10,000 | No supporting documentation required |
$10,000.01- $250,000 |
Quotes and price justification required; however, written quotes are no longer required over $50,000 |
Over $250,000.01 | Competition, technical evaluation, and price evaluation is required, with clear and robust supporting documentation |
Sole Source | Use sole source as an alternative procurement method to competition only when:
|
Policy
VPF Buying and Paying 6.02 Competitive Evaluation and Selection
Purchasers will need to fill out a Selection of Source form for purchases from non-preferred suppliers of $10,000.01 and higher.