Public bid requirements for local governing authorities and state agencies; increase minimum expenditure amounts.
What changed between versions
Increased the threshold for purchases that do not require competitive bids from $5,000 to $15,000
Raised the threshold for purchases requiring competitive bids without advertising from $15,000 to $75,000
Added requirement for reverse auctions as the primary method for receiving bids, with exceptions for construction and certain educational purchases
Added emergency purchase procedures that allow purchases without competitive bidding when health or safety is threatened
Added requirements for posting contract award information on a designated web page within one working day
Added requirement for federal fund procurement to comply with federal Uniform Administrative Requirements
Added provisions for construction project negotiations when bids are within 10% of allocated funds
Added provisions for term contracts allowing purchases up to 60 months in advance
Added new exemptions for IT products, library materials, energy efficiency services, and various specialized government purchases
Clarified that individual state institutions of higher learning and public schools have certain exemptions from reverse auction requirements