§ 7-3-306 — Competitive bidding

Where the charter for a metropolitan government requires purchases in excess of one thousand dollars ($1,000) be made on the basis of competitive bidding, "competitive bidding" means: Dollar amount of purchase: Requirement; $1,000 to $3,999.99.................... Three (3) verbal, including telephone, ....................quotations required $4,000 to $9,999.99.................... Three (3) written, including faxed, ....................quotations required $10,000 and above.................... Competitive sealed bids or request for ....................proposals

Legislative History

Acts 1995, ch. 160, § 1.