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Does the increase in Quick Order and “sealed” bid thresholds mean that competitive bidding is not required between $5,001 and $40,000?

April 26, 2017between $5 bid bidding competitive increase mean Quick sealed thresholds

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Does the increase in Quick Order and “sealed” bid thresholds mean that competitive bidding is not required between $5,001 and $40,000?

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No, purchasing is still required to do competitive bidding when processing requisitions between $5,001 and $40,000. The buyers will obtain prices through phone, email, and fax inquiries rather than the “sealed” bid process. Thereby reducing the time it takes to process a requisition.