February 11, 2021
The Revised Procurement Policy, effective January 1, 2021, has been posted to the Financial Policy Office website. A Zoom training on the policy will take place on Tuesday, February 22, 2021 from 2:00-3:00. Please register through the Harvard Training Portal.Updates to the policy include:
- An increase in the Micropurchase Threshold (MPT) from $10,000 to $50,000.
- Debarment Forms are only required for purchases on federal contracts equal to or greater than $35,000. Visit the OSP Procurement Policy webpage for information on finding the funding instrument for sponsored awards.
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Vendor Justification Forms must be completed for all purchases with federal funds greater than $50,000, even if the purchase is with a preferred vendor.
- Please be sure to use the updated Vendor Justification Form found on the Strategic Procurement Forms webpage or Procurement Policy website.
- All federal purchases equal to or greater than $35,000 or over $50,000 will require an electronic acknowledgement in the Buy-to-Pay system to ensure the requestor has considered, and completed if necessary, VJF and Debarment requirements.
- Automated workflow processes and emails around VJF and Debarment Form requirements have been implemented into the Buy-to-Pay system.