Council amends purchasing policy, lowering quote threshold from $5,000 to $2,000
Council approved changes to the city's purchasing policy that lower the quote threshold for competitive quotations from $5,000 to $2,000 and adjust subsequent thresholds; staff said the change addresses recurring $4,999 quotes and aligns internal thresholds.
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Miss Harrison reviewed proposed amendments to the city's purchasing policy, telling council the change reduces the minimum amount for quotes from $5,000 to $2,000 because many quotes were submitted at $4,999. She noted adjusted thresholds across the policy and flagged a typographical fix on page 86 changing "contact" to "contract." "We have a lot of quotes that come in at $4,999," Harrison said, explaining the rationale for lowering the threshold.
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