This session will discuss why procurement is the most prescriptive post award administration topic and represents the highest compliance risk to institutions with federally funded research awards. The Federal Acquisition Regulation and 2 CFR 200 are great at telling institutions ‘what’ they must do when procuring goods or services under federal awards, however, they do not tell institutions ‘how’ to establish a compliant procurement system. During this session, we will address adequate procurement policies, roles and responsibilities of key individuals, operational workflow for each method of procurement, and how to conduct adequate cost or price analysis.