Schedule overview
1 Purpose
To establish the University's Procurement thresholds and Purchasing authorisations.
2 Scope
This schedule must be read in conjunction with the Financial Management Practice Manual (FMPM) and is subordinate to the Procurement Procedure.
3 Schedule
3.1 Procurement thresholds
The University has established four Procurement threshold levels and supporting documentation for the Procurement of its Goods and/or Services and projects. Refer Table 1.
Table 1: Procurement threshold levels and supporting documentation
| Threshold Note: all amounts are GST Exclusive | No. of Quotes / Process | Authorisation to obtain Quotes | Authorisation to commit University funds | Minimum Purchasing Authorisation Level (Refer Table 2) | Significant Procurement Plan | Formal Risk Assessment |
| 0 - $10,000 | Staff are to ascertain best value and obtain at least one quotation where practicable | Any University Staff member that has completed Annual online University Procurement Training | Employee Authorised to Purchase | Level PA.1 | Not Required | A formal risk assessment is not required but is recommended the staff member undertakes an informed assessment i.e., Notional |
| $10,000 - <$100,000 | Seek at least two written quotations | Any University Staff member that has completed Annual online University Procurement Training | Employee Authorised to Purchase | Level PA.2 | Not Required | A formal risk assessment is not required but is recommended the staff member undertakes an informed assessment i.e., Notional |
| $100,000 - $500,000 | Seek at least three written quotes based on formal invitation to offer documents Publicly advertise >$250K (mandatory) | Employee Authorised to Purchase | Employee Authorised to Purchase | Level PA.3 | Determine if a Significant Procurement Plan may be required for purchases >$250,000 or <$250,000 that are identified as high risk and complete as necessary | Perform formal risk assessment to determine application of QA (mandatory) |
| >$500,000 | Seek at least three written quotes based on formal invitation to offer documents - publicly advertised and Tender Review Committee overview | Employee Authorised to Purchase | Employee Authorised to Purchase | Level PA.3 | Yes | Perform formal risk assessment to determine application of QA (mandatory) |
3.2 Purchasing authorisations
The University has established three levels of Purchasing authorisations as provided in Table 2. Note: Corporate Card limits are documented at the upper limit and not all card holders will have this transaction limit without the prior approval from the CFO.
Table 2: Purchasing authorisations - PA
| Authorisation Value | Qualifications Required | |
| Level PA.1 | Up to $10,000 (includes GST) - University Purchasing cards only | Annual online University Procurement Training |
| Level PA.2 | Up to $20,000 (Inc. GST) - University Purchasing cards. Transactions >$10,000 (Inc. GST) require CFO approval Up to $100,000 (excluding GST) - PeopleSoft purchase orders From Approved SOAs - No transaction limit applies | Annual online University Procurement Training Queensland Government Procurement Certification Program: Level 1 - Procurement Fundamentals (available online) |
| Level PA.3 (Generally reserved for University Procurement Leads) | Up to $20,000 (includes GST) - University Purchasing cards. Transactions >$10,000 (Inc. GST) require CFO approval Over $100,000 (excluding GST) - PeopleSoft purchase orders. From Approved SOAs - No transaction limit applies | Annual online University Procurement Training Queensland Government Procurement Certification Program: Level 1 - Procurement Fundamentals (available online) Level 2 - Intermediate Procurement Level 3 - Diploma of Procurement & Contracting |
4 References
Nil.
5 Schedule Information
| Accountable Officer | Chief Financial Officer |
| Responsible Officer | Director (Business Services) |
| Policy Type | University Procedure |
| Policy Suite | |
| Approved Date | 23/7/2021 |
| Effective Date | 23/7/2021 |
| Review Date | 28/9/2025 |
| Relevant Legislation | |
| Policy Exceptions | |
| Related Policies | |
| Related Procedures | |
| Related forms, publications and websites | Financial Management Practice Manual Invitation to quote to $100,000 Procurement risk assessment matrix Professional Services Flowchart Queensland Government Office of the Chief Advisor - Procurement Significant Procurement Plan - longform |
| Definitions | Terms defined in the Definitions Dictionary |
| The position nominated by the Vice-Chancellor to fulfil the responsibilities under the Financial Accountability Act 2009 and in accordance with the Queensland Financial Accountability Handbook, Information Sheet 2.5 - Chief Financial Officer....moreThe position nominated by the Vice-Chancellor to fulfil the responsibilities under the Financial Accountability Act 2009 and in accordance with the Queensland Financial Accountability Handbook, Information Sheet 2.5 - Chief Financial Officer. A University-issued credit card to be used as a payment method for University Business Expenditure only....moreA University-issued credit card to be used as a payment method for University Business Expenditure only. Employee Authorised to Purchase A University Employee that has been approved by the Chief Financial Officer to conduct Purchasing activities as part of their role and who has completed the applicable training....moreA University Employee that has been approved by the Chief Financial Officer to conduct Purchasing activities as part of their role and who has completed the applicable training. Goods and/or Services can be either produced by the University for which fees can be charged, or acquired by the University. Goods and/or Services produced are tangible and/or intangible products which are the outcome of human effort and/or knowledge that the University is either obliged to charge or has a right to charge a third party for the provision of these products. Goods and/or Se...moreGoods and/or Services can be either produced by the University for which fees can be charged, or acquired by the University. Goods and/or Services produced are tangible and/or intangible products which are the outcome of human effort and/or knowledge that the University is either obliged to charge or has a right to charge a third party for the provision of these products. Goods and/or Services acquired are tangible and/or intangible products which are the outcome of human efforts and/or knowledge acquired to meet University needs. Goods and/or Services can be in the form of physical goods or intangible services. The entire process by which all classes of materials, facilities and services are obtained by the University. This can include the functions of planning, design, establishing standards, evaluating risk, writing specifications, selecting Suppliers, developing contracts and method of payment and subsequent disposal....moreThe entire process by which all classes of materials, facilities and services are obtained by the University. This can include the functions of planning, design, establishing standards, evaluating risk, writing specifications, selecting Suppliers, developing contracts and method of payment and subsequent disposal. The method for acquiring the Goods and/or Services required. This can include credit cards, purchase orders and/or leasing arrangements....moreThe method for acquiring the Goods and/or Services required. This can include credit cards, purchase orders and/or leasing arrangements. Standing Offer Arrangement (SOA) A Standing Offer Arrangement (SOA) is usually set up to obtain frequently used products or services. SOAs set out the terms and conditions, including price, under which a business agrees to supply an undefined volume of Goods and/or Services for a defined period....moreA Standing Offer Arrangement (SOA) is usually set up to obtain frequently used products or services. SOAs set out the terms and conditions, including price, under which a business agrees to supply an undefined volume of Goods and/or Services for a defined period. The term 'University' or 'UniSQ' means the University of Southern Queensland....moreThe term 'University' or 'UniSQ' means the University of Southern Queensland. | |
| Definitions that relate to this schedule only | |
| Significant Procurement Plan (SPP) An internal plan used to document the Procurement requirements and controls for high-risk purchases, and/or purchases greater than $250,000. Tender A formal offer process for purchases greater than $500,000 which includes review by the University's Tender Review Committee. | |
| Keywords | Consultants, Contractors, Credit Card, Corporate Card, Expenditure, QITC, Goods, Goods and Services, Professional Services, Purchase, Purchase Order, Purchasing, Services, Significant, SPP, Supplier |
| Record No | 17/623PL |