40 CFR 35.4210 - Must my group solicit and document bids for our procurements?
§ 35.4210 Must my group solicit and document bids for our procurements?
(a) The steps needed to be taken to procure goods and/or services depends on the amount of the proposed procurement:
|If the aggregate amount of the||Then your group|
|(1) purchase is $1,000 or less||may make the purchase as long as you make sure the price is reasonable; no oral or written bids are necessary.|
|(2) proposed contract is over $1,000 but less than $25,000||must obtain and document oral or written bids from two or more qualified sources.|
|(3) proposed contract is $25,000 to $100,000||must:|
|(i) Solicit written bids from three or more sources who are willing and able to do the work;|
|(ii) Provide potential sources in the scope of work to be performed and the criteria your group will use to evaluate the bids;|
|(iii) Objectively evaluate all bids; and|
|(iv) Notify all unsuccessful bidders.|
|(4) proposed contract is greater than $100,000||must follow the procurement regulations in
The section you are viewing is cited by the following CFR sections.