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Re: Budget and bids!
There is no rule from the "Feds". It depends on your district policy. Our is any purchase over $500 needs three phone quotes. Up to $9,999 needs three written bids. Over $10,000 requires formal sealed bids. This is not per item, but for the entire purchase. The sealed formal bids is where we get in trouble because we (the directors) don't get a chance to see the bids and see if the vendor offered substitutions or even gave a bid on the exact instrument we can end up with something we didn't want. We've learn to work the system by doing smaller bids, under the $10,000 threshold.