Small purchase or informal quote
If the expected cost sits under your micro-purchase or informal quote threshold, you can request a written quote from Konnex and issue a PO. Many policies ask for 2 or 3 quotes at this level. We reply in your format.
For purchases paid with federal award funds, 2 CFR 200 sets the micro-purchase threshold at $15,000 and the simplified acquisition threshold at $350,000 from Oct 1, 2025. Your own policy may be lower.
Source: OMB final rule revising 2 CFR 200, 90 FR 41872.