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Board updates acquisition policy to align with FTA guidance and raise board-level procurement threshold
Summary
Capital Metro revised its acquisition policy to reflect FTA Circular 4220.1G and requested the board raise the procurement threshold for board consideration from $50,000 to $250,000; the board approved the change.
The Capital Metro Board approved a resolution March 24 authorizing amendments to the agency’s acquisition policy to incorporate the recently revised Federal Transit Administration guidance (FTA Circular 4220.1G) and to raise the threshold for items requiring board approval from $50,000 per year to $250,000 per year.
Mohammed Abdullah, vice president of procurement and chief contracting officer, told the board the agency updated multiple…
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