Tenn. Code § 7-3-306
Current through Acts 2023-2024, ch. 1069
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 |
T.C.A. § 7-3-306