Current through Register Vol. XLI, No. 50, December 13, 2024
Section 115-9-3 - Purchases of a Routine Nature3.1. All purchases above $50.00, or such other value as determined by the Director in coordination with the CFO, must be approved by the Director or the CFO using the requisition form. 3.2. Purchases and contracts for commodities and services of a routine nature shall be based on competitive bid whenever possible, subject to the following: 3.2.1. Competitive bids may, but are not required to be obtained, when the value of the item or service is $2,500 or less;3.2.2. A minimum of three verbal bids is required, when possible, when the value of the item or service is between $2,500.01 and $10,000; and3.2.3. A minimum of three written bids is required, when possible, when the value of the item or service is between $10,000.01 and $25,000.3.2.4. Purchases of a routine nature expected to exceed $25,000 must be the subject of competitive bid solicitation unless otherwise allowed under this rule.