BID NUMBER 05X37786 - state nj 2025

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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.
Public Contract Code (PCC) Section 20111(a) requires school district governing boards to competitively bid and award any contracts involving an expenditure of more than $50,000, adjusted for inflation, to the lowest responsible bidder.
Bid Number means the solicitations identification number.
For contracting units that have appointed a Qualified Purchasing Agent, pursuant to N.J.S.A 40A:11-9(b) and avail themselves of the related higher bid threshold pursuant to N.J.S.A 40A:11-3 and 18A:18A-3, the maximum bid threshold has been increased from $40,000 to $44,000.
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