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Effective January 1, 2025, the adjusted bid threshold has increased from $114,500 to $114,800.
What is the bid threshold for 2025 in California?
Pursuant to the above calculation, and effective January 1, 2025, the State Superintendent has determined that the inflation adjusted bid threshold will increase from $114,500 to $114,800.
What is Section 7107 of the California Public Contract Code?
Section 7107 Pub. Contr. Code 7107(a). California Public Contract Code section 7107 requires payment of undisputed retention amounts to the contractor within 60 days from completion of a job. The date of completion is defined as one of four different events, which may occur at different times.
What is the threshold in bidding?
A bid threshold is the dollar amount set by a governing body which dictates when formal procurement procedures must be initiated for contracts. Typically, this means that if an anticipated contracts value exceeds the bid threshold, a competitive bidding process is required by law.
What is the bid limit for schools in California?
The Superintendent of Public Instruction has raised the bid threshold limit for non-construction, competitively bid contracts. It is now set at $114,800 effective January 1, 2025. Public Contract Code section 20111(d) provides for an annual inflationary increase determined by the Superintendent of Public Instruction.
The Plan focuses on the physical city, and the functionality of its infrastructure in our everyday lives: housing that is too often too expensive, neighborhoods
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