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Check if new vendor or new location.Requestor E-MailRequestor PhoneOrder Information Comments:ORDER SPECIFICATIONS#For Procurement Services Only - PO# PURCHASE REQUISITIONContactFax'For purchase requests $10,000 - $25,000 CompetitionHistorical PricingMarket Survey PerformedOther:Source is a Preferred ProviderValue Analysis PerformedOCheck one of the following that indicates why the price is fair and reasonable.2N Three bids are attached.&Purchasing to perform the competition.'Source is from a ҽBuying Consortiumsfrom a ҽBuying ConsortiumSelected vendor is:a Preferred ProviderAttach a Statement of Work or specifications or lay out the requirement in some manner for Purchasing to issue a RFI, RFP, RFQ or oral solicitation.  ,1 Gother:For purchase requests > $25,000*Sole Source Statement addresses: criticality, uniqueness of the item/service or requisite capabilities required of the vendor/firm, why full & open competition is not possible, impact to your program or effort if the item is not procured from the requested source, exigency. !$ AMOUNTjIf further coordination is required, then the buyer will contact you upon receipt of the purchase request.BSole Source Statement* AND state why price is fair and reasonable.  If Component, Identify Assembly>$Custodian/Responsible Party (name) >9For Capital Asset Purchase Only (unit price over $5000): Another Definition: An environment of varying dimensions relating to buy-sell relationships in which the buyer induces, stimulates, or relies on conditions in the marketplace that cause independent sellers to contend confidently for the award of a contract. Market SurveyValue Analysis/Visual AnalysisPreferred ProviderBuying Consortiums Sole Source"Fairness & Reasonableness of Price@Two or more responsible offerors (suppliers & vendors), competing independently, submit priced offers that are responsive and satisfy our stated requirement(s). We can include consideration for best value procurements where price is a substantial factor. Competition is considered the best way to insure prices are good.)DEFINITIONS for Price Justification Terms5For further explanation of terms, contact Purchasing.`Price history, usually the last price paid when we bought an item or service, is used to evaluate a current offer/price. You make the assumption that previous buys were analyzed and justified adequately so you may compare the current price proposed with the price previously accepted. If this is not the case then you need to analyze the basis of the previous pricing, perhaps there was a need to expedite the item or we had to buy in less than normal production quantities. In many cases we use a price index to analyze or track changes in prices received from the initial commercial purchasers of products.Knowledge of the product, its functions, and the use to which it is to be put is essential for value analysis. Use this technique for low priced items and you determine whether the product, as it is now constituted, is the best product in terms of value. Visual analysis is similar & is commonly called eyeballing, description your inspection of an item to come up with an estimate of its probable value. Both value & visual analysis are closely related and should flag unrealistically high prices for common items.A price that is fair to both the buyer & seller, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. Although generally a fair and reasonable price is a function of the law of supply and demand, there are statutory, regulatory and judgmental limits in the concept. Competition is the best way to make sure that the resulting contract price is not rigged in favor of either buyer or seller, and in fact, results from the impartial working of the marketplace.Complete the section below that applies to your request. Forward any and all back-up paperwork supporting your purchase to Purchasing with the Price Justification Sheet.:#QuantityItem Description Line TotalLine #Total This Page:Line Dist Acct. # >>>This includes formal market surveys like request for quotes to informal market surveys that consist of reviewing pricing in a published catalog, reading a business publication like the Wall Street Journal which covers general market data, knowledge of trade & user associations that publish useful market indexes or journals, informal telephone quotes, or current knowledge gained form recent purchases of similar items or services that were open to the  market .4***NOTE: Use GRANT/CONTRACT FORM for Grant Purchases&For purchase requests $5,000 - $10,000A listing of firms maintained by ҽPurchasing that includes a range of items like computer supplies, electrical supplies, florists, plumbing supplies, ground supplies, hotels, household goods movers, janitorial & custodial supplies, office supplies, paint supplies, paper, parking, pool supplies, ad specialty, & shipping. Any firm selected from this listing maintained at http://www.smu.edu/procurement/providers_commodity.asp will need no further competition. Any other firms not listed are not to be considered Preferred Providers. '% SMU participates with five buying consortiums, E&I  Educational and Institutional Cooperative Service, Inc. (www.eandi.org -password required); Horizon Resource Group, (www.horizonrg.com -password required); TCPN  Texas Cooperative Purchasing Network, www.tcpn.org; U.S. Communities (http://uscommunities.org), and MiCTA (http://www.micta.org/). You will find a wide range of supplies and services available. Any firm selected from one of the five buying consortiums will need no further competition. Contact Terry Conner at x84909 for passwords./2&n(})&&()&& &=B&*A firm that is characterized as the one and only source available, regardless of the marketplace, possessing a unique and singularly available performance capability for the purpose of contract award. 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NNNddd999XXXnnn+++qqq***nnnZZZiii222 """666tttuuu333}}}nnn<XXX777000Ƌmmm&&&KKK{{{iii```wwwkkkzzzccctttVVVHHHXXXwwwOOOYYYOOOTTT~~~î```'''nnnppp\\\둑WWWsss«~~~VVV:::+++&&&--->>>äڰڰڡ<ꢢdddXXXvvvqqqVVVlllܦ~~~jjj^^^]]]]]]]]]___mmm]Z  @"=X\+8X>  " #% /ձmm  dMbP?_*+%&= ףp=?'zG?(ףp= ?)ffffff?MHP PSC 2350 series!@h߀ odBeRLdEXCELdHBeںں\\ITS11055\HP PSC 2350 series,LocalOnly,DrvConvertVWK*XX"d333333?? RequisitionPrice Justification DefinitionsU} (on /,@,@,@,@,@ ,@,@,@,@ ,@  ,@ ,@ ,@ ,@,@ ,@,@,@,@,@ ,@,@,@,@,@ ,@,@,@,@,@ ,@,@Quantity UOMItem Description Unit Price_ Line Total_Line #^. 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D)D) )^**^) D*D* *^++^* D+D+ +^,cLine Dist Acct. # >>>,d`aaab.eTotal This Page:.f.g8wD+D*D)D!D DDDDDDDDDDD D D DDDDDD.h"CC7CCC7CCC7=X\+8X> " #% 3  dMbP?_*+%&= ףp=?')\(?(ffffff?)?M hp psc 2170 serieswD+D*!@m߀dDDDDDD Be@RLdArial8Beںں\\ITS09850\hp psc 2170 series,LocalOnly,DrvConvert"_RQ?p= ף? Requisition DefinitionsU} \on} Kon} $Mon} mMon} Lon} IMon} Mon} IMon} mMon} Mon} aon} IMon} Mon} ;Mon} Mon 3u]8@@8uu ,u ,u,@ ,@ ,@ ,@ @ h@,u!@ a ,@ ,a@,u,@,@!@ax@,@@@t@@8@ 8u0Price Justification and Competition Requirements vvvvvvvvvvw^^ |Requestor Name}|Requestor E-Mail }}}^"~~~~~~~~~~ Requestor DepartmentRequestor Phone  "~~~~~~~~~~ Complete the section below that applies to your request. Forward any and all back-up paperwork supporting your purchase to Purchasing with the Price Justification Sheet.:#MM N~ x?.y&For purchase requests $5,000 - $10,000cdeeeeee`M Fq\OCheck one of the following that indicates why the price is fair and reasonable.2N EssssFEEt  Fqrsy Competition zss&ESource is a Preferred Provider EEtu  Fqvs yHistorical Pricing zss/ E'Source is from a ҽBuying Consortiums EEtu  Fqws {Market Survey Performed zss FValue Analysis Performed EEtu  Fqws FOther: ussFEEtu  NUQOPPPPPPPV  o NUQOPPPPPPPV  o"NUQOPPPPPPPVMo NWXYZZZZZZZ[  o"N_QQORRRRRRNMo N~ x@/x'For purchase requests $10,000 - $25,000oopppppp`  o F\OCheck one of the following that indicates why the price is fair and reasonable.2N tuu Nqr{ |Three bids are attached.{{{EERV Rqv{.|&Purchasing to perform the competition.{{{EERVaa Nqw{fSelected vendor is:{{{EERV Rqw{Rfa Preferred ProviderRRRRRVaz N}??O$ffrom a ҽBuying ConsortiumRRRRRV  zFqwsFOther:ussFEEtu NUQOPPPPPPPV  oNUQOPPPPPPPV  N}???????RRV  zR}??SiBSole Source Statement* AND state why price is fair and reasonable. jjjjjkVaa NUQOPPPPPPPV  NUQOPPPPPPPV  oNWXYZZZZZZZ[  oD l`d&g&jw}@,,&,&qN`IN\@,,,,, a !8@ "B@#@$@%a&@'@(@)@*C@+]@,B@- .@/T@0 1 2 " N_QQORRRRRRNMM !N~ !x@'!nFor purchase requests > $25,000!ooopppee` "NU"lAttach a Statement of Work or specifications or lay out the requirement in some manner for Purchasing to issue a RFI, RFP, RFQ or oral solicitation.  ,1 G"mmmmmmmmV #Nqw#fSelected vendor is:#{{{EERV $Rqw{R$fa Preferred Provider$RRRRRVaz %N}??O$%ffrom a ҽBuying Consortium%RRRRRVMz &NURO&~other:&V 'NUQORPPPPPPV ' o(N}???????RRV ( z)R}??S)iBSole Source Statement* AND state why price is fair and reasonable. )jjjjjkVaa *NUQOPPPPPPPV +NUQOPPPPPPPV + o ,NURr,sjIf further coordination is required, then the buyer will contact you upon receipt of the purchase request.,tttttttV -NWZZYZZZZZZ[ .NbTTSTTTRNRN /N /q*Sole Source Statement addresses: criticality, uniqueness of the item/service or requisite capabilities required of the vendor/firm, why full & open competition is not possible, impact to your program or effort if the item is not procured from the request!/rrrrrrrr 0NNNNNNNNRN 1g\\h1\\\\] 2p*h&_GNV<,,",""8"&]Z 33 @"]Z 3& @"]Z 3 @"]Z  U5 @"]Z U @"]Z  @"]Z #O%I @"]Z $O&, @"]Z %O'j @"]Z !3 @"]Z #3(=) @"]Z %3  @"]Z &3 @"]Z '3  @"]Z (3  @"]Z )H  @"]Z *H  @"]Z + H  @"]Z ,3& @"=X\+8X>  "  #% .  dMbP?_*+%&Gz?'Q?(ffffff?)(\?M hp psc 2170 series&!@m߀dor requisite cBe@RLdArial8Beںں\\ITS09850\hp psc 2170 series,LocalOnly,DrvConvert"dq= ףp?? RequisitionPrice JustificationU} ast} st @]@TT@z@@ p @  @ ?@@@1)DEFINITIONS for Price Justification Terms CompetitionTwo or more responsible offerors (suppliers & vendors), competing independently, submit priced offers that are responsive and satisfy our stated requirement(s). We can include consideration for best value procurements where price is a substantial factor. Another Definition: An environment of varying dimensions relating to buy-sell relationships in which the buyer induces, stimulates, or relies on conditions in the marketplace that cause independent sellers to contend confidently for the award of a contracHistorical PricingPrice history, usually the last price paid when we bought an item or service, is used to evaluate a current offer/price. You make the assumption that previous buys were analyzed and justified adequately so you may compare the current price proposed with t Market SurveyThis includes formal market surveys like request for quotes to informal market surveys that consist of reviewing pricing in a published catalog, reading a business publication like the Wall Street Journal which covers general market data, knowledge of tra&Value Analysis/Visual Analysis Knowledge of the product, its functions, and the use to which it is to be put is essential for value analysis. Use this technique for low priced items and you determine whether the product, as it is now constituted, is the best product in terms of value.  Preferred Provider A listing of firms maintained by ҽPurchasing that includes a range of items like computer supplies, electrical supplies, florists, plumbing supplies, ground supplies, hotels, household goods movers, janitorial & custodial supplies, office supplies, pai Buying Consortiums  ҽparticipates with five buying consortiums, E&I Educational and Institutional Cooperative Service, Inc. (www.eandi.org -password required); Horizon Resource Group, (www.horizonrg.com -password required); TCPN Texas Cooperative Purchasing Network, w /2&n(})&&()&& Sole Source A firm that is characterized as the one and only source available, regardless of the marketplace, possessing a unique and singularly available performance capability for the purpose of contract award. Documenting a sole source should include rationale tha +A&*"Fairness & Reasonableness of PriceA price that is fair to both the buyer & seller, considering the agreed-upon conditions, promised quality, and timeliness of contract performance. Although generally a fair and reasonable price is a function of the law of supply and demand, there are stat=5For further explanation of terms, contact Purchasing.*m h5    *  $. =X\+8X> "  Oh+'0HPh| Computer User 01005614Microsoft Excel@? _!@wb@]Y;՜.+,08@ hp x J ҽMethodist University  Requisition ContinuationPrice Justification Definitions 'Price Justification'!OLE_LINK1!'Price Justification'!Print_AreaRequisition!Print_AreaDefinitions!Print_Titles  Worksheets Named Ranges  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~     !"#$%&',Root EntryF=~;Book Workbook-SummaryInformation(DocumentSummaryInformation8