August 2015
Chapter 3 PURCHASING |
Section: 3:130 Public Auctions |
Any department desiring to purchase items other than research animals at a public auction must contact Surplus Property (882-5051), at least three working days prior to the auction date.
Amount of Purchase
Single purchase at any one auction shall not equal or exceed $100,000. Purchases that are anticipated to equal or exceed $100,000 will require consultation with the Supply Chain Manager prior to any other action by the using department.
Purchase Procedure
- The requesting department must contact, Surplus Property Section, with the auction details.
- If approved, the manager of Surplus Property (or the manager’s designee) will conduct the purchase based on the guidelines provided by the requesting department.
A 3% Surplus Property administrative fee will be added to the final purchase price. Departments must provide to Surplus Property the appropriate MoCode from which to transfer the purchase price plus the 3% fee. This information should be provided within one week of purchase.