Over its 200-year history, the University of Virginia has grown into one of the nation’s preeminent public universities. Along the way, it has never lost sight of its mission to serve the people of Virginia, to lead the advancement of human knowledge, and to benefit the region and the world. Today, the University continues that tradition of service as a major economic engine for the Commonwealth.
Learn more here: UVA economic impact
The University of Virginia is committed to supporting small business enterprises, including minority-owned, women-owned, veteran-owned, service-disabled veteran-owned, historically black colleges and universities, and HUBZone businesses, in its purchasing programs. It is important to note that UVA's procurement is very decentralized; that is to say, UVA does not have a 'central' procurement. Decisions to buy goods and services are delegated to the lowest levels of the university in accordance with UVA's Guidelines for Competition:
- Goods and services totaling $10,000 or less per supplier within a single 12-month period may generally be purchased directly by departments with a minimum of competition. UVA is comprised of 12 schools, 300 departments, and more than 1,500 individuals authorized to use their T&E card (formerly pcard) to pay for goods and services.
- Goods and services totaling between $10,000 and $100,000 within a single 12-month period typically must be purchased competitively. Soliciting a minimum of three quotes in writing meets the competition requirement.
- Goods and services totaling more than $100,000 within a single 12-month period must be purchased competitively directly through Procurement & Supplier Diversity Services (typically in the form of a Request for Proposal (RFP)).
As a public institution, the University is governed by the Code of Virginia. Other laws which directly apply to purchasing are:
- The State and Local Government Conflict of Interests Act
- The Freedom of Information Act
- The Virginia Public Procurement Act
- The Prompt Pay Act
All payments for goods and services must be handled according to University policies and procedures, and State and Federal law. Invoices for goods and services not obtained in accordance with these rules will not be processed.