Minimum Bid Thresholds Adjusted by State Treasurer
Dear Colleagues,
The following is from the Department of Local Government Services. Please also consult the attached spreadsheet for more information. Please let me know if you have any questions.
Pursuant to N.J.S.A. 40A:11-3, the State Treasurer has increased the minimum bid threshold from $36,000 to $40,000 for entities subject to the Local Public Contracts Law whose purchasing agents possess a Qualified Purchasing Agent (QPA)
certificate awarded by the Division of Local Government Services. As such, the new quote threshold for local units with QPAs is
$6,000 (15% of the $40,000 QPA bid threshold).
Local units that do not have a QPA-certified purchasing agent remain subject to the $17,500 minimum bid threshold set forth in N.J.S.A. 40A:11-3 and 40A:11-9a, with the corresponding quote threshold remaining $2,625 (15% of the $17,500
non-QPA bid threshold).
Pursuant to N.J.S.A. 18A:18A-3, the State Treasurer has also increased the minimum bid thresholds for school districts with QPA-certified purchasing agents from $36,000 to $40,000. Like local units with QPAs, the new quote threshold
for school districts with QPAs is $6,000.
The minimum bid threshold for those school districts without QPA-certified purchasing agents has also been increased from $26,000 to $29,000, with the corresponding quote threshold increased to $4,350 (15% of the $29,000 non-QPA school
district bid threshold).
The bid threshold adjustments are effective as of July 1, 2015. The Division will be issuing a Local Finance Notice further discussing the matter.
Bob Keith
Data Coordinator
New Jersey State Library
185 W State Street
Trenton, NJ 08625
P: 609-278-2640x192
F: 609-278-2652
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