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FY24 Procurement Bid Thresholds

Effective July 1, 2023 the Competitive Bid Thresholds and Consulting approvals are changing as shown in the table below.

 

7/1/2023 Competitive Bid Thresholds
EntityCurrent ThresholdsThresholds Effective 7/1/23
Goods$25,000$75,000
Services$50,000$75,000
Consulting - B&F Approval (workflow through Workday)$50,000$75,000
Consulting - Cabinet Approval$50,000$250,000