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An RBO is a protection plan for taxpayers, ensuring that local quality standards, local levels of craftsmanship, and local economic development practices are upheld.
For governments, bid thresholds serve as a tool to ensure transparency and budget management in procurement. By setting thresholds, they delineate when formal bidding processes are necessary, which helps to prevent overspending and fosters fair market competition.
BidBuy is an e-procurement system that improves procurement efficiency, reduces transaction costs, and increases information available to vendors and State agencies. BidBuy is the Procurement Bulletin for the Chief Procurement Office for General Services.
Minimum Bid Amount means the minimum amount of an Advance that may be bid for by one Participant in an Auction as stated in the Announcement. Minimum Bid Amount means the lowest acceptable bid amount.
Effective January 1, 2024, Public Act 103-0008 increases the competitive bidding threshold from $25,000 to $35,000 on all contracts for the purchase of supplies, materials, or work involving an expenditure in excess of that threshold.

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The Public Contract Code sets a bidding threshold of $50,000 for the following contracts, requiring contracts exceeding this amount to be competitively bid and awarded to the lowest responsive and responsible bidders: Purchase of equipment, materials, or supplies to be furnished, sold, or leased to the district.

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