Current through Register Vol. 48, No. 1, January 10, 2025
Section R-24-103-201-01 - Purchasing Thresholds(a) Purchases of goods or services may be made without benefit of competition as follows: (i) A governmental body without delegated purchasing authority may purchase goods or services up to a limit of $5,000;(ii) A governmental body with delegated purchasing authority may purchase goods or services up to $25,000; and(b) Small purchases are goods and services purchases costing less than $150,000. Goods and services between $25,000 and $150,000 may be purchased using a documented quote process, described in rule R- 24-103-204 -01, or the methods identified in section 24-103-201, C.R.S. The chief procurement officer may approve or deny a request from a procurement official or his or her designee to allow the purchasing agency to use a documented quote process when the estimated cost would exceed the small purchase threshold.(c) Invitation for bids, described in rule R- 24-103-202 -01, request for proposals, described in rule R- 24-103-203, and invitations to negotiate, described in rule R- 24-103-208 -03, may be used for goods or services estimated to exceed the small purchase threshold of $150,000.(d) Reverse auctions, described in rule R- 24-103-208 -01; special circumstance procurements, described in rule R- 24-103-208 -04; emergency procurements, described in rule R- 24-103-206 and rule R- 24-105-101.6; and sole source procurements, described in rule R- 24-103-205 and rule R- 24-105-101.5, may be used at any dollar threshold.38 CR 15, August 10, 2015, effective 8/31/201541 CR 17, September 10, 2018, effective 10/1/201846 CR 11, June 10, 2023, effective 7/1/2023