fiscal-administration-regulations.pdf

from at least three responsible bidders and shall be awarded to the lowest responsible bidder. (c) Contracts in excess of $20,000 require the solicitation of sealed competitive bids and shall be awarded to the lowest responsible bidder. 8.3.2 For All Other Purchases (excluding professional services) – (a) Contracts less than $10,000 may be awarded without soliciting competitive bids. (b) Contracts exceeding $10,000 but less than $30,000 require competitive quotes from at least three responsible bidders and shall be awarded to the lowest responsible bidder. (c) Contracts in excess of $30,000 require the solicitation of sealed competitive bids and shall be awarded to the lowest responsible bidder.

8.3.3 Professional Services

Purchases of legal, financial, architectural, engineering and similar professional services are exempt from the bidding requirements set forth herein.

8.4

Invitation to Bid Requirements:

8.4.1 Bid Specifications Detailed specifications for the required product or service shall be included in the Invitation to Bid (ITB). The specifications may also include such requirements for bid bond, payment bond and/or performance bond as are deemed appropriate or otherwise required by this policy. 8.4.2 Advertising The ITB shall be advertised in a daily newspaper of general circulation at least one (1) time commencing not less than ten (10) days prior to the date fixed for the opening of bids. Request for Proposal Requirements A request for Proposal (RFP) may be utilized, in the discretion of the College, in connection with the procurement of professional services. If utilized, the RFP shall include a listing of the requirements that must be satisfied by the vendor and may include other capabilities the provision of which would be desirable. Requirements for the advertising of a RFP are the same as for an ITB.

8.5

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