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Finance & AccountingStandard

Purchasing

Full procurement lifecycle with rule-based approval tiers: under $5K auto-approves at department level, $5K-$25K requires finance review, $25K-$100K needs finance director, and $100K+ goes to council. Requisitions auto-create GL encumbrances on approval (and release on cancellation). Solicitations support RFP, RFQ, and IFB formats with sealed bidding — bid amounts are encrypted until the bids-opened stage. Bid tabulation scores technical and price components. Awarded contracts enforce not-to-exceed (NTE) spending limits, rejecting any spend that would exceed the contract ceiling.

Key Capabilities

  • Rule-based approval tiers: dept ($5K) → finance ($25K) → director ($100K) → council
  • Automatic GL encumbrance creation on requisition approval
  • Sealed bidding with encrypted bid data until bids-opened stage
  • Bid tabulation with technical and price scoring
  • Not-to-exceed (NTE) contract enforcement on every spending record
  • Solicitation formats: RFP, RFQ, and IFB with vendor responses

See Purchasing in action

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