The Award Method (AWMD) table captures the following information:
Indicate what method of procurement is used for the purchase
Record the manner the contract was awarded
Control information about available options at the Solicitation level
Drive edits relating to the maximum dollar amount
Determine approvals required
Examples of Award Method include: Competitive Sealed Bidding, Request for Proposal, Pre-Qualified Bidders List, and Sole Source. Dollar values are associated with each method of award. These dollar levels are used to drive the approval process based on award method and dollar value of award.