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Board hears update on PK valuation contract and procurement requirements
Summary
Staff updated the board on the multi-year PK valuation contract (third-year/second-year details discussed) and finance-committee encumbrance; members discussed cost, competitive bid thresholds under Chapter 30B, and budget timing.
Staff briefed the board on the town’s ongoing contract with PK (the valuation vendor identified during the meeting). The assessor said the contract is in its second year of a multi-year agreement and that the finance committee recommended an encumbrance to cover the vendor charge.
Board members discussed the contract’s annual costs and procurement rules; the group noted that purchases over statutory thresholds require formal bidding under Chapter 30B. One member suggested the town may need to put future services out to bid when threshold amounts are reached or the contract ends.
No formal procurement decision was made at the meeting; staff said they will follow finance committee guidance and bring required procurement steps to the board or town meeting if necessary.
