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Procurement Standards Board approves four regulation changes, raises competitive bid threshold to $50,000
Summary
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.
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.
The changes align Metro rules with recent Metro Council action and state practice and revise longstanding reporting language the board and staff said is out of date. The board approved all four regulation changes by voice vote.
Zach Kelly, who presented the proposed revisions, said the first change updates regulation R 4.08.0.06 to reflect that Metro’s competitive bidding limit now matches the State of Tennessee’s recent increase to $50,000.…
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