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Monetary/ Purchasing Thresholds - Businesses
When competitive bidding is required, as it is in most cases, a school/ site must follow certain guidelines that are dictated by the monetary/ purchasing threshold of the purchase. Once the school/ site makes an estimate of how much a service will cost, the following monetary/ purchasing thresholds must be followed:
Competitive bidding is not required.
Purchases made via a Purchase Order.
Solicit proposals via telephone, fax, etc. from at least three vendors.
Receive proposal responses from at least two vendors.
Solicit written proposals from at least three vendors.
Issue a Request For Proposal (RFP) See Below
Formally advertise in the City Record, and any additional publication.
Receive a written proposal response from one or more vendors.
Proposals must be sealed andrecorded at a scheduled public opening.
Prepare a resolution to the DOE.
Enter into a formal contract.