Iowa Administrative Code
Agency 265 - IOWA FINANCE AUTHORITY
Chapter 15 - PURCHASING
Rule 265-15.6 - Blanket purchase agreements

Universal Citation: IA Admin Code 265-15.6
Current through Register Vol. 46, No. 19, March 20, 2024

If the authority foresees a requirement for frequent purchases of off-the-shelf items, the authority may establish blanket purchase agreements. A blanket purchase agreement is a formally approved charge account that is designed to reduce paperwork and the number of checks issued. Blanket purchase agreements are subject to the competitive bidding requirements previously outlined, where applicable.

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