Procurement Standards Board approves four regulation changes, raises competitive bid threshold to $50,000
The Procurement Standards Board unanimously approved four changes to Metro procurement regulations, including raising the competitive bidding threshold to $50,000, revising small‑purchase references, updating reporting requirements and allowing cooperatives for services with Director of Finance sign‑off.
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The Procurement Standards Board on Tuesday approved four changes to Metro procurement regulations, including raising the competitive bidding threshold to $50,000 and clarifying when cooperative contracts may be used for services, board Chair Janine Reed said at the meeting.
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