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chapter six invitation for bids contents were going to talk about the invitation for bids process the bid openings and the contract awards sealed bids are used for purchases above small pressures threshold what is your small purchase threshold fifty thousand for texas sixty thousand for new mexico however there is nothing prohibiting you for doing a sealed bid at forty thousand texas or at fifty thousand for you solicitation for still bids is designed to for you to get the best price because price is the only award factor other than responsive and responsible you with me so you know what we always want to do a firm fixed fee for stuff if we can sometimes its not reasonable but if we can talk about it more solicitations pursuant to the ipa have similar elements for all of them the ifb package would be something along the lines of perhaps a cover sheet explaining stuff a bid form and then specifications and statement of work and then hud required forms now these 5369 b 5369 forms are