4.9. SR 06-17-2019 - Laserfiche WebLink

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Old Purchasing Threshold Chart: PurchaseProcessApproving Notes Level Required Authority recommended. Department Less than Director or $5,000purchasing the item. Designee department director item, the city shall request written price quotations from at least two $5,000 -Purchase Order/Department sources and shall place the order at the lowest price quoted, provided $24,999QuotesDirector the items are of comparable quality. item, the city shall request written price quotations from at least two $25,000 -City P.O./Quotessources and shall place the order at the lowest price quoted, provided $49,999 Administrator the items are of comparable quality. program before obtaining quotes. $50,000 -Council City Council $100,000Approvalitem, the city shall request written price quotations from at least two sources and shall place the order at the lowest price quoted, provided the items are of comparable quality. Bids/Cooperative Above $100,000City Councilrequirements for purchases above $100,000. (See "Purchases Agreements Exceeding $100,000" section below for more details.) New Purchasing Threshold Chart: PurchaseProcessApproving Notes Level Required Authority Department Less than NoneDirector or $5,000 Designee Open Market Purchase or $5,000 -Department Obtain two or $24,999Director more quotes if practicable Purchase Order $25,000 -and Obtain two City $49,999or more quotes if Administrator practicable Obtain two or $50,000 -more written City Council $175,000quotes, bids, or one year. proposals Above Competitive BidsCity Council $175,000 Notes: If a cooperative purchasing agreement is in place, quotations are not needed. EDA/HRA staff will follow the purchasing policies but seek approval from their respective boards. Financial Management Policies Page 14