Formal purchasing procedures are conducted for purchases exceeding $50,000 by either sealed bids or competitive proposals.
- Purchases over $50,000:
- Sealed Bids / Invitation for Bid (IFB) or Competitive Proposal / Request for Proposal (RFP)
- Both must be publicly advertised
- IFB - Awarded based on the most responsive, responsible and reasonably priced lowest bid received.
- RFP- Contract awarded to the responsible firm whose qualifications, price and other factors are the most advantageous to the Authority.