Introduction to Procurement

UNM Policy 4000 discusses "the rules and regulations for expenditures for the procurement of supplies, materials, equipment, contractual services, and the reimbursement of employees for business-related expenses. As a major public institution funded in part by state allocations and student tuition, the University is held to a high level of accountability for its business practices. All expenditures of University funds should clearly and directly support the University's mission of teaching research, patient care, and community service."

Additionally, various procurement processes must comply with a state statute called the New Mexico Procurement Code.

The UNM Purchasing Department has various websites that delineate the rules and procedures for making purchases from external vendors via a LoboMart requisition/purchase order, a Purchasing Card (PCard), or via Chrome River. These are discussed in the pages below.

Purchases over $10,000 must provide certain types of information (in addition to a documented quote or invoice) to the purchasing department in order for a LoboMart Requisition/Purchase Order to be issued and approved. For detailed information on these rules, see the course "Coffee with Purchasing Financial Services Division" in Learning Central.