Policy & Procedure

This page includes policies and procedures that have the most impact on University purchases. Additional information can be found in the Procurement Procedure Manual.

Procurement Standards

The effective date for implementation of Uniform Guidance, 2 CFR Part 200, Procurement Standards regulations at the Iowa State University was in fiscal year 2019 (FY19) which began July 1, 2018. The University continued to follow the Procurement Standards regulations as specified in OMB Circular A-110, 2 CRF Part 215 through June 30, 2018, as provided in the November 2014 COFAR Frequently Asked Questions and updated in the Federal Register 9/10/15 universal identifier and system of award management corrections. Iowa State began utilizing the micro-purchase threshold of $50,000 on July 1, 2018.