Generally, purchases valued at more than $25,000 are made on the basis of adequate competition. Adequate competition means soliciting a sufficient number of qualified suppliers to ensure that the required quality and quantity of goods and services is obtained when needed, and that the price is fair and reasonable.
The Postal Service develops competition in procuring real estate and real estate-related services through a variety of methods, including the following:
Note: The requirement for competition may be waived by the proper approving official when certain conditions exist. Additionally, certain projects are specifically exempted from competition requirements (e.g., projects involving expansion or remodeling of currently occupied facilities and projects for temporary lease of property when the lease term does not exceed 180 days).
